GM is now requesting a bailout for their European companies; apparently 300,000 jobs are at risk.
From the Financial Times:
General Motors said on Tuesday that its European arm could run out of money by as early as next month, putting up to 300,000 jobs on the continent at risk.
Fritz Henderson, the struggling Detroit carmaker’s chief operating officer, said that GM would face a liquidity crunch “early in the second quarter” if emergency funds from European countries did not materialise.
I wonder how these bailout requests will fare in Europe compared to the US.
- Marc
