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General Motors has finished bankruptcy procedure

General Motors

American autobuilding giant General Motors has finished procedure of bankruptcy and has issued transfer of most profitable actives New GM with a majority share of the government of the USA. The transaction has been closed today at 06:30 on time of East coast USA, have reported AP and broadcasting company CNN referring to wished to keep anonymity sources in Detroit.

Thus the company has finished transformation to less bulky, but more competitive enterprise which has been not burdened by astronomical debts. According to experts, number of personnel New GM in comparison from the old was reduced from 91 thousand to 68,5 thousand persons. The debts are reduced from $176 billion to $48 billion, number of models of cars — with 8 to 4, autoshops — from 5,9 thousand to 3,6.