United States Automakers are Denied Additional Loans from the Government

Published about 3 years ago

News agencies are reporting that restructuring plans put forth by United States automakers have been rejected by the the government administration. If I recall correctly, this means that they will be required to pay the money they borrowed back. I also remember saying that they probably wouldn't have the money to pay back if it came to this.

Might we see GM go into bankruptcy court? I have no idea, but I think this is going to be an interesting week.