GM to file for bankruptcy before markets open, will get $30 billion in taxpayer funds
U.S. officials have told Reuters that General Motors will file for bankruptcy early Monday morning before the markets open. The bankruptcy filing of the 100-year-old automaker will be the third-largest in U.S. history and the largest ever in a U.S. manufacturing market. Officials said that the U.S. will push GM into a fast-track bankruptcy, which [...]
