Auto news; GM Advisers Present ‘Best Chance’ Plan For Restructuring
Auto news; GM Advisers Present ‘Best Chance’ Plan For Restructuring
GM bondholder advisers claim they’ve presented a plan to both GM and Obama’s autos task force that “provides GM’s best chance for an out-of-court restructuring.” They released a statement claiming that the plan, which would trade bondholders’ stake in GM’s spiraling debt for equity in the restructured entity, is “consistent with the ..
Auto news;
Related with this news Japan Auto Store's other car news