5 Months Ago, Bloomberg says (in Whitacre Vows to 'Learn About Cars' as GM Chairman) GM is proposing to sell its best assets to create a new company around its Chevrolet, Cadillac, GMC and Buick brands within 90 days. The remaining assets will be liquidated in bankruptcy to help pay off creditors. Whitacre, a resident of San Antonio, ...

And Bloomberg says (in Senators Question If More Auto Aid Can Be Avoided) Voice of America
GM, operating in bankruptcy, is proposing to sell its best assets to create a new company around its Chevrolet, Cadillac, GMC and Buick brands. The remaining assets will be liquidated in bankruptcy to help pay off creditors.
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And Bloomberg says (in Whitacre Sees GM Role as 'Public Service' After AT&T) The company is proposing to sell its best assets to create a so-called New GM built around its Chevrolet, Cadillac, GMC and Buick brands within 60 to 90 days with the support of about $65 billion in taxpayer funds. The remaining assets will be ...