GM's Sale Opposed by 10 States, Union Retirees and Chrysler

June 20 (Bloomberg) -- General Motors Corp.’s planned saledrew objections from Chrysler Group LLC, the other U.S.automaker that filed for bankruptcy protection this year, aswell as at least 10 states and union retirees.

Attorneys general from Connecticut, Kentucky, Missouri,Nebraska, Maryland, Vermont, Minnesota, North Dakota, Ohio andWest Virginia objected to the sale, saying it would circumventstate laws that protect GM dealers’ contracts and consumers withproduct liability claims.

“In sum, the purchaser will, for all intents and purposes,clone the debtors, with the same employees and officers,

Read the whole story on Bloomberg or try our Toolbar
Bookmark and Share

Comments:

Powered by Disqus

Google Search:

Loading...

Related videos from YouTube:

More videos ...