AFSCME 3357-HOF'S BLOG

Meanwhile, Back at General Motors Part II
General Motors Isn't Going to Make June 1 Debt Payment

GM Decides not to Make $1 Billion Payment

GM's CFO, Ray Young, told the Wall Street Journal Wednesday that GM isn't planning on making a loan $1 billion loan payment that's due June 1. It really couldn't get more crystal clear, either GM gets its loans restructured before June 1 or it goes Chapter 11.


BTW, Automotive News online (www.autonews.com)is free this week. Usually you have to subscribe for about $100/year to get acess to everything.


Let's see, how about a link to a marginally relevant video? How about Money, Money, Money by Bjorn Again. If you can find it, Bjorn Again, Live at the Royal Alpert Hall is a killer DVD. Here's a link to the CD, selling for $68.99 as an import on Amazon.com.