GM Attempts to Answer Suppliers’ Questions Amidst Chapter 11 Filing; Top Questions are Payment, and Who Will Work with New GM
General Motors (GM) Corp. is attempting to answer suppliers’ questions in the wake of its bankruptcy filing yesterday and the announcement that the company is seeking a 363 assets sale to a newly formed company, the New GM. The top question among suppliers seems to be about payment-and when/how payments will be made.
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GM Attempts to Answer Suppliers’ Questions Amidst Chapter 11 Filing; Top Questions are Payment, and Who Will Work with New GM
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