General Motors files for bankrupcy, US takes 60% stake

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.


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.

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!
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