Moody’s To GM: What Have You Been Smoking?

After GM announced that they would keep Opel after all, they boasted that “the GM plan entails total restructuring expenses of about €3 billion, significantly lower than all bids submitted as part of the investor solicitation.” After hearing the statement, industry insiders snickered that €3B would be “hardly realistic.” Now, credit rating agency Moody’s confirms that

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Moody’s To GM: What Have You Been Smoking?

Tagged as: Bertel Schmitt, Opel