General Motors ordered to be killed

Automotive Proizvodstvo14-04-2009 General Motors ordered to be killed this year will be inscribed in the history of the world automotive industry. Getting ready to sink into oblivion company legend General Motors. This carmaker has remained a leader in worldwide sales for the past eight decades. However, huge debts, excessive social commitments, coupled with falling demand led to the collapse of the auto giant. Today, U.S. authorities have offered to prepare the company to bankruptcy. However, GM does not cease to exist physically. Its many assets will be sold. Russian factories are also of concern are likely to find a buyer. General Motors, the locomotive "Detroit Big Three", is likely to become bankrupt. As newspaper New York Times, U.S. Treasury recommended that the auto giant still start preparing the documents necessary for filing in court a claim for bankruptcy. According to the newspaper, GM could declare bankruptcy before 1 June. Earlier it was reported that the U.S. administration gives automakers a chance to develop crisis management plans just before the summer. However, the head of U.S. Treasury Secretary Timothy Geithner has already hinted at the possibility of a radical restructuring of debts GM - bankruptcy. However, the concern is burdened with enormous debts: Liabilities to banks and bondholders of $ 28 billion, before Chrysler - $ 7 billion, among other things, General Motors should be $ 20 billion fund for social support of their former employees.