GM agrees liability for ‘old’ GM claims
In the face of opposition to GM’s plan to free it from liability from pre-chapter 11 GM vehicle defects, they have now caved in and agreed to ‘assume all products liability claims’ regardless of when the vehicle was purchased.
A hearing is due on 30 Jun to determine the restructuring plans and possible emergence from bankruptcy – the goverment (taxpayer???) holding 60.8%, 17.5% United Auto Workers Trust and 11.7% by the Canadian taxpayer…
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