GM has received a loan from the U.S. government for 4 billion dollars

Largest auto manufacturer the U.S. General Motors has received from the U.S. government the next loan. As can be seen from the updated list of transactions within the framework of TARP, which is published today, the press service of the Ministry of Finance of the United States, avtokontsernu made another 4 billion dollars

Thus, total transfers of government funds since December 2008. was about 19.4 billion U.S.

General Motors prior to June 1, 2009. must complete its restructuring plans, which include agreements with unions and creditors, as well as the closure of a number of brands and manufactures.

If the authorities deem unsatisfactory restructuring, the company will be forced to follow the example of Chrysler, and contact the court for bankruptcy. As in the case of Chrysler, a stumbling block for General Motors may be negotiated with the holders of unsecured bonds of the company.

GM offered to creditors to exchange U.S. $ 27 billion debt by 10% of the shares, but the bondholders believe that the offer is undervalued. Meanwhile, the Ministry of Finance of United States demands that General Motors has agreed to not less than 90% of the holders of its debt.