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GM moves to sell Hummer and get first Opel payout
General Motors aims to shed assets by reaching a memorandum with a buyer for the Hummer brand and securing the first euro 300 million loan payout for Opel. The actions bolster plans to shrink the company, preserve jobs, and emerge from Chapter 11 bankruptcy as a smaller automaker.
MENTIONED IN THIS ARTICLE
New York
General Motors Corp
U.S
Fritz Henderson
CBS
Adam Opel Gmbh
Opel
Magna International Inc
Sberbank
Chrysler LLC
Auburn Hills
Fiat
Sharon Lindstrom
Protiviti
Chrysler
Treasury Department
Lindstrom
Saturn
Pontiac
Chevrolet
Cadillac
Buick
GMC
Europe
Italy
Fiat Group Spa
Harvey Miller
Miller
United Auto Workers Union
Robert Gerber
Gerber
Oper
Tustin
Calif
General Motors