General Motors files for bankrupcy, US takes 60% stake - HotUKDeals
We use cookie files to improve site functionality and personalisation. By continuing to use HUKD, you accept our cookie and privacy policy.
Get the HUKD app free at Google Play

Search Error

An error occurred when searching, please try again!

Login / Sign UpSubmit

General Motors files for bankrupcy, US takes 60% stake

schizoboy Avatar
7y, 7m agoPosted 7 years, 7 months ago
From my point of view, that's virtually the US nationalising a car manufacturer and will no doubt secure American jobs, I expect UK Gov intervention will be needed to save the jobs in the UK but it seems US was working with Canada as Canada will have a stake too.

I'm curious as to why UK or Germany wasn't brought in on that deal so they too could contribute, a multi government owned car manufacture will be interesting.
schizoboy Avatar
7y, 7m agoPosted 7 years, 7 months ago
Options

All Comments

(3) Jump to unreadPost a comment
Comments/page:
#2
A Canadian company .. using Russian money is buying out GM Europe, which includes Vauxhall, the German Government has also invested in the buy out to protect German jobs.
#3
GM have been running all their subs into the ground for years.

It's just a shame those that wil pay are the employees who tuck by them!

Post a Comment

You don't need an account to leave a comment. Just enter your email address. We'll keep it private.

...OR log in with your social account

...OR comment using your social account

Thanks for your comment! Keep it up!
We just need to have a quick look and it will be live soon.
The community is happy to hear your opinion! Keep contributing!