Automakers have tightly-knit operations -- from development to parts supplies, assembly and distribution -- that would likely require years of cooperation between the so-called good parts of the company and those hived off in bankruptcy.
GM said in February that a traditional bankruptcy could require $100 billion of financing from the U.S. government. That figure, if it comes to fruition, would be more than 10 times the size of the largest debtor-in-possession bankruptcy loan in history.
GM said in February that a traditional bankruptcy could require $100 billion of financing from the U.S. government. That figure, if it comes to fruition, would be more than 10 times the size of the largest debtor-in-possession bankruptcy loan in history.
Auto bankruptcy: quick surgery or long slog? | U.S. | Reuters
No comments:
Post a Comment