TITLE

How bailout money would change GM

AUTHOR(S)
LaReau, Jamie
PUB. DATE
November 2008
SOURCE
Automotive News;11/17/2008, Vol. 83 Issue 6334, p34
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article provides information on the effect of bailout money earnings on General Motors Cop.(GM) in Detroit, Michigan. Analysts say that production cutbacks could raise GM's cash burn by an additional $500 million to $750 million a quarter. The government also is likely to impose limits on executive compensation and huge pay and benefits packages for departing executives. It could restrict severance pay for GM's top five executives to three times their base salary.
ACCESSION #
35640663

 

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