GM Files Voluntary Chapter 11; Agreements with US Treasury and Canada; New GM Expected in 60-90 Days
Green Car Congress
JUNE 1, 2009
Pending approvals, the New GM is expected to launch in about 60 to 90 days as a separate and independent company from the current GM. Columbus, Ohio Close: 31 Dec 2009. Warrants granted to the New VEBA to acquire newly issued shares in the New GM equal to 2.5% General Motors Corp. Closed: May 2009*. Boston, Mass.
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