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AutoLine: Episode 151 - GM Bondholders Say No, GM Takes Back Delphi Plants, Opel to Get New Owner Today


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Today on Autoline Daily, GM was not able to get enough bond holders to agree to swap their bonds for stock. General Motors plans to take back 5 Delphi plants. The German government will decide today which bidder it prefers Opel to partner up with. All that and more, plus John answers viewer questions in the "You Said It!" segment.

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Interesting, raises many new questions for me and only answers a few. Maybe I missed it, but I did not see where they said who the new owner was to be, only mentioned that they will notify the bidders.

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