The Effect of GM’s Bankruptcy on the Volt
Categories: Financing, Plug-ins
Questions loom over the fate of the Chevy Volt as General Motors prepares to file for bankruptcy tomorrow, June 1st 2009. Based on GM's worldwide assets of $91 billion and liabilities of $176 billion, the bankruptcy would be the third largest in U.S. history, behind Lehman Brothers and Worldcom.
There have been several prominent speculations over whether GM will abandon its plug-in program. Keith Johnson, writing for the Wall Street Journal, has come out saying he believes the Volt will be ...
