http://www.hitecharea.ru/index.php?cmd=comp&task=view&id=2
Chevrolet-Saturn of Harlem a New York-based affiliate of the Detroir automaker, was the firstr GM affiliate to seek bankruptcy protectio n Monday morning throughthe U.S. Bankrutpcy Court's Southern District of New York, accordin g to court records. The restructuring will enable GM to emerge as a viable entity under the brand namenew GM. It also will give the federal government, which plans to make availablweabout $30 billion of federal assistance to supporgt the restructuring, a large ownership stakd in the company.
Two area companies were among the list of creditorxin GM's filing: New York-based Bank of New York with claims of $176 million, and Downtown-based US with claims of $9.6 million. For a list of see GM's . Accordinbg to a release from theWhits House, the company plans to announce today that it will closd 11 facilities and idle anothert three. GM had already announced in May .
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