"We have no intention to further fund this company if the sale order is not entered by July 10," Harry Wilson, one of the Treasury Department officials overseeing GM's restructuring, said while being cross-examined by an attorney for a group of GM bondholders opposing the sale. It was the second consecutive day of hearings to determine GM's fate.
Showing posts with label official says. Show all posts
Showing posts with label official says. Show all posts
Wednesday, July 1, 2009
U.S. government won't fund GM after July 10, official says
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