Tag Archives : Big Three
Shape Up or Ship Out: Obama gives ultimatum to giant automakers to restructure or file for bankruptcy
The two former US automaker giants General Motors and Chrysler are facing a choice between submitting a viable plan of action or filing for controlled bankruptcy. A declaration of bankruptcy is the fastest method for restructuring, according to US President Barack Obama, as much as it is a ‘legal tool to end the debate.’ General Motors will have [...]
Filed in: Business, Market Trends
