Detroit ~ General Motors is now exempt from bankruptcy. A fresh new start and new beginning is what the automaker need to rebuild. GM has new owners and new ideas. Its like starting from scratch. The company has been given a second chance to produce another great era of achievement and success.
GM still owes the government; The automaker wants to pay their loans as soon as possible. According to reports on Friday.
What happen to GM assets:
Majority of their assets is controlled by the U.S. government. GM got rid of a lot of debt(billions) before they filed bankruptcy.
General Motors is now thinner,leaner and also trimmed down dramatically.
Source:New GM Future and its Focus
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