GM To Draw On Government Funds For Delphi Rescue

The WSJ reports that GM will draw “north of $2.5b” from its government escrow account to fund its own bailout of its major supplier, Delphi. Considering GM has committed $1b in debt assumption, $2b in forgiven claims and $1.75b in investments, we can assume the amount will be well north of $2.5b. But how much

Link:
GM To Draw On Government Funds For Delphi Rescue

Tagged as: Bailout Watch, Government, High Finance