Changes

m
Line 123: Line 123:     
===Bankruptcy scenario===
 
===Bankruptcy scenario===
−
Bankruptcy of Chrysler and GM took place in the second quarter of 2009. Chrysler's sale to Italian automaker Fiat has been placed on hold for Supreme Court review. GM received billions more dollars to prevent bankruptcy but fell none-the-less. In addition, GM will require $30 billion in the first stage of bankruptcy. The Obama Administration is the single largest shareholder with the UAW second at 17% ownership. Also, many auto dealerships have been shuttered, thousands of workers have been [[laidoff]], assembly plants closed, and product lines dissolved or sold.
+
Bankruptcy of Chrysler and GM took place in the second quarter of 2009. Chrysler's sale to Italian automaker Fiat has been finalized. GM received billions more dollars to prevent bankruptcy but fell none-the-less. In addition, GM will require $30 billion in the first stage of bankruptcy. The Obama Administration is the single largest shareholder with the UAW second at 17% ownership. Also, many auto dealerships have been shuttered, thousands of workers have been [[laidoff]], assembly plants closed, and product lines dissolved or sold.
    
==Obama Administration==
 
==Obama Administration==
Siteadmin, Check users, oversight, Administrators
20,682

edits