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Posted: 4:27 PM Jul 9, 2009
A New GM Could Benefit Local GM Workers and Plants
A judge approved the sale of the bulk of GM's assets to a new government controlled company Thursday, clearing the way for GM to emerge from bankruptcy quickly.
Reporter: Jennifer DowlingEmail Address: jennifer.dowling@yahoo.com |
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It was official Thursday afternoon, a judge approved the sale of the bulk of GM's assets to a new government controlled company. That will make way for the automaker to emerge from Chapter 11 faster. Local 602 President Brian Fredline says a new GM means a positive change in public perception. Fredline says, "I think GM needs to get off the front page and just start selling vehicles."
In late August, they'll be adding on a 2nd shift here at the Delta Township plant and with the new GM, Fredline says hopefully there will be even more work to be done. Fredline says, "Once GM emerges from bankruptcy and becomes a stand-alone corporation, I think the marketplace will respond to that and ultimately sell cars."
As for the city of Lansing, Mayor Virg Bernero says a new GM may bring in more jobs locally. Bernero says, "They've been making tough decisions on closings something like 14 companies across the country, not Lansing, Lansing dodged a bullet and Lansing will be benefiting really out of this restructuring, so we see more work coming to Lansing Delta, maybe more hopefully to Grand River."
The new GM could be getting a face lift as well. There are reports that the background of the corporate logo will turn green to emphasize the company's new focus on green technology. Fredline says whatever the case, it's public perception that matters. Fredline says, "I don't care if it's blue or green or polka dot, as long as the marketplace responds to our product."
GM lawyers are working on paperwork to close the sale as quickly as possible, after which GM would leave bankruptcy protection.
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