With Fed Prodding, Gm Preparing for Bankruptcy
The Pantagraph Bloomington, IL › April 15, 2009
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Summary
SAN FRANCISCO - General Motors Corp. shares fell as much as 19 percent on Monday in the wake of a report that the troubled automaker has been directed by the U.S. Treasury to lay the groundwork for a bankruptcy filing by June 1.
GM's stock, a component of the Dow Jones Industrial Average, ended the session down 16.2 percent at $1.71 and is now down 47 percent since the beginning of the year.See the full content of this document
Extract
With Fed Prodding, Gm Preparing for Bankruptcy
Members of President Obama's automotive task force are holding meetings and conference calls...
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