Court Gives GM Permission to Sell Assets

Ad Feedback

A bankruptcy court judge is giving General Motors the thumbs up to sell off it's assets and form a new company.

However, the deal has provisions freeing the new company from previous liability lawsuits.

And many consumer groups don't agree and are filing an appeal, saying that consumers involved with past accident lawsuits against GM won't receive compensation.

The U.S. Treasury Department is vowing to cut off GM funding if the deal doesn't go through by July 10.

So far the U.S. government has given GM over $50 billion in taxpayer funds.          

Log in or create an account to post a comment.  

CBN IS HERE FOR YOU!

Are you seeking answers in life? Are you hurting? Are you facing a difficult situation?

Find peace with God, discover more about God or send us your prayer request.

Call The 700 Club Prayer Center at 1 (800) 823-6053, 24 hours a day.

A caring friend will be there to pray with you in your time of need.

 CBNNews.com

CBNNews.com

CBN News is a national/international, nonprofit news organization that provides programming by cable, satellite, and the Internet, 24-hours a day. Follow us on Facebook, Twitter, and Google+.