GM Emerges from Bankruptcy – Opportunity for Iowa
General Motors has emerged from Chapter 11 bankruptcy protection today and has announced it’s intentions to be “leaner & greener“. According to Market Watch:
CEO Fritz Henderson said the swift trip through Chapter 11 showed that GM can move fast, and added that GM will work hard to repay trust, not to mention the money committed to the struggling company by the U.S. and Canadian governments.
“Today marks a new beginning for General Motors, one that will allow every employee, including me, to get back to the business of designing, building and selling great cars and trucks and serving the needs of our customers,” said Henderson.