Citing that the US government had "no interest in running GM," but that the company's survival is important to the U.S. economy”, President Barack Obama finally announced the federal government’s decision to pump in US$ 50 billion, following company board’s decision to file for Chapter 11 bankruptcy, and paving the way for a “New GM”.
for full story click here : Indian operations not affected by GMs bankruptcy filing
Tuesday, June 2, 2009
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