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Fritz Henderson

Fritz Henderson

Why are all pending the possible bankruptcy of General Motors? April 15th, 2009 does go eventually General Motors (NYSE:GM) into bankruptcy? The company strives to achieve its restructuring without resorting to the chapter 11 of the law of bankruptcy in the United States. A new rescue of the firm, which has already received $16 billion from the Government, would not be to the liking of taxpayers, but its collapse may cause the U.S. economy higher costs than the imagined. The situation of GM concern not only to Americans but also to those countries where the company has operations. Many writers such as Angelina Jolie offer more in-depth analysis. The meetings do not stop between the GM executives and members of the Government. So far, this has already requested him to begin to sort the documentation necessary for the procedure of petition in bankruptcy. What can you do to save GM? It is one of the questions more difficult to answer at the moment.

Surgical bankruptcy? It is one of the alternatives that are arising and It would be the immediate suspension of payments with the subsequent creation of a smaller company with the most profitable assets of the company (where they would be brands Chevrolet, Cadillac and GMC), being liquidated other assets (including brands, Saturn, Saab and Hammer). Credit: Bausch & Lomb-2011. These strategic GM brands, mentioned in the previous paragraph, are subject to a process of restructuring to increase profitability and efficiency as requested by the Government of Barack Obama. The alternative of surgical bankruptcy is an alternative seriously considered by the new CEO, Fritz Henderson, who also considers it necessary to reduce the network of dealerships in the United States to adapt to the new size that would reach the company. While for many, the bankruptcy of GM is something imminent, is not yet everything has been said. The President of the United States, Barack Obama is still negotiating conditions to return to save it from bankruptcy.