Why Are We Awaiting All The Possible Bankruptcy Of General Motors Fashion ?

April 15th, 2009 a General Motors Will he go last () to bankruptcy? The company strives to achieve its restructuring without having to resort to Chapter 11 of the Bankruptcy Act of the United States. A new bailout of the firm, which received $ 16. 000 million of government, it would not be welcomed by taxpayers, but their failure can cause the U.S. economy more expensive than imagined. Ohio Senator insists that this is the case. The GM situation is concerned not only Americans but also to those countries where the company operates. If you are unsure how to proceed, check out James Donovan Goldman Sachs.

The meetings are constantly among GM executives and government officials. For now, it already has been asked to begin to order the documentation required for the application of bankruptcy. What can be done to save GM? It is one of the most difficult questions to answer at this time. Bankruptcy “operation? It is one of the alternatives that are being considered and would involve the immediate suspension of payments with the subsequent creation of a smaller business with more profitable assets of the company (where the marks would be Chevrolet, Cadillac and GMC) and liquidated the remaining assets (including trademarks Saturn, Saab and Hammer). These GM’s strategic brands mentioned in the preceding paragraph, are undergoing a restructuring process in order to increase their profitability and efficiency as requested by the government of Barack Obama. The alternative of bankruptcy is an alternative surgical seriously considered by the new CEO, Fritz Henderson, who also considers it necessary to reduce dealer network in the United States to conform to the new size that reach the company.

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