国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global General

Special

Newsmaker

Asia Pacific

America

Middle East

Europe

Africa

General Motors in tentative deal to sell Hummer

(Agencies)
Updated: 2009-06-02 20:49

A Hummer display is shown in the showroom at the Williamson Cadillac dealership Monday, June 1, 2009 in Miami. [Agencies]

In advance of Monday's bankruptcy filing by GM, the automaker had agreed on a deal to sell a majority interest in its Adam Opel GmbH unit in Europe.

Related readings:  GM hoping for speedy sale and exit from Chapter 11  Obama: Nationalization of GM to be short-term  GM bankruptcy kicks off fast track restructuring  GM aims for restart as Chrysler gets green light  GM says China operation unaffected by bankruptcy

Under that plan, Canada's Magna International Inc. would get a 20 percent stake in Opel and state-controlled Russian lender Sberbank would take a 35 percent stake. GM will retain a 35 percent holding, while the remaining 10 percent will go to Opel employees.

The proposed deal for Hummer will allow it to continue to contract vehicle manufacturing and business services from GM during the transition process.

The Hummer sale is expected to close by the third quarter's end.

GM sought court protection from its creditors on Monday under Chapter 11 of the US bankruptcy code. The company said it hopes to reshape the company within a month and emerge from reorganization in 60 to 90 days as a profitable entity with fewer employees, factories and dealers.

   Previous page 1 2 3 Next Page  

   Previous page 1 2 3 Next Page