egmCarTech

GM’s Chief Financial Officer Ray Young said today that the automaker does not expect to make a $1 billion debut payment by June 1 – the deadline that the Obama administration has imposed on the Detroit automaker to restructure or file for bankruptcy. Young said that GM will most likely miss the payment because the [...]

Earlier this morning General Motors said that it will not be needing the $2 billion of funding that the Detroit automaker asked for in its February 17th viability plan. GM has just released a video of its Chief Financial Officer Ray Young clearing up the matter for us and letting us know what has changed [...]