GM FILES VOLUNTARY CHAPTER 11 TO IMPLEMENT ‘363' SALE AGREEMENT
GM IS OPEN FOR BUSINESS IN THE U.S. AND WORLDWIDE, HONORING ALL CUSTOMER COMMITMENTS
GM Europe Secures Bridge Financing Commitment/Magna MOU 02.06.2009.
• GM Europe not included in U.S. filing for court-supervised process
• GM Europe secures Memorandum Of Understanding (MOU) with Magna International Inc.
• Bridge financing package of €1.5 billion approved by German government
• GM Europe facilities operate as normal - employees and suppliers to be paid in the normal course of business
• Dealers, warranty and customer support operations unaffected by filing