GM Bankruptcy Judge Opens Door to Billions

By: Associated Press
By: Associated Press

A bankruptcy judge says GM can have access to its full $33.3 billion in bankruptcy financing.

Judge Robert Gerber gave final approval to the financing on Thursday. He had given preliminary approval to GM using $15 billion of the total at a hearing earlier this month.

The billions in financing, which is largely being supplied by the U.S. government, is intended to keep Detroit-based GM going until it can sell its assets to a new company and emerge from Chapter 11.


WILX.com is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, share your knowledge, and please suggest removal of comments that violate these standards.

See full commenting rules...
powered by Disqus
WILX 500 American Road Lansing, MI 48911 517-393-0110
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 49088021 - wilx.com/a?a=49088021