The US government is to take majority control of General Motors in a sweeping restructuring plan that involves more plant closures and job losses and an aggressive debt-for-equity swap.
Under the accelerated restructuring, GM will shut 13 of 47 plants by the end of next year, involving 7,000 job losses. The carmaker is also to close its 83-year-old Pontiac brand and cut its dealership network from 6,200 to 3,600 by the end of 2010.
Fritz Henderson, chief executive, said: “The objective here is not to survive. The objective is to develop an operating plan that allows us to win.”
您已阅读39%（582字），剩余61%（896字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。