Did "General Motors" (GM) go bankrupt?
How’s the situation now? And what do they actually have to do with Opel?
Posted September 4th, 2010 in How To Go Bankrupt. Tagged: opel.
How’s the situation now? And what do they actually have to do with Opel?
Technorati Tags: opel
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GM declared bankruptcy when they couldn’t get loans from the big new york banks. The government lent them money until they could restructure themselves. The big banks who held gm bonds wouldn’t agree to refinancing so GM had to file.
The situation now is pretty good. They have refinanced their loans, got rid of hummer and saab, closed pontiac and saturn. They should emerge from bankruptcy this summer. Many feared that people wouldn’t buy cars while gm was in bankruptcy but that hasn’t been the case.
GM owns Opel and was looking to sell it off. However they decided to keep it.
September 4th, 2010 at 11:48 pmno they did not and opel is a brand made by them, like Chevy
September 4th, 2010 at 11:48 pmopel is qwned by government motors [GM]
GM didnt go bankrupt,,they "restructured" with government "loans"
September 4th, 2010 at 11:48 pmYes June of last year they filed for bankruptcy
September 4th, 2010 at 11:48 pm