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GM Generali

23.30
-0.18 (-0.77%)
12:32:15 - Realtime Data
Share Name Share Symbol Market Type
Generali AQEU:GM Aquis Europe Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.18 -0.77% 23.30 23.29 23.30 23.36 23.07 23.31 114,409 12:32:15

US Treasury Funds GM Warranty Program In Case Of Liquidation

29/05/2009 10:27pm

Dow Jones News


Generali (AQEU:GM)
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With General Motors (GM) reported to be nearing a bankruptcy filing, the U.S. Treasury Department has funded a warranty-guarantee program that would go into effect should the struggling auto maker go into liquidation.

The Treasury on Wednesday provided $360.6 million for the effort through which the U.S. government would guarantee warrantees on new GM vehicles, a report released Friday shows.

Treasury earlier created a separate but similar fund for Chrysler, which already has filed for bankruptcy.

-By Meena Thiruvengadam, Dow Jones Newswires; 202-862-6629; meena.thiruvengadam@dowjones.com

 
 

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