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The US Treasury will initially own 60% of the "New GM," while the Canadian and Ontario governments together have 12% in exchange for $9.5 billion in financing. The United Auto Workers' health care trust fund owns 17.5% and the remaining 10% is owned by unsecured creditors in the form of bondholders, they're also being given warranties for a further 15%. I realize that this only adds up to 99.5%, so I assume some rounding knocked off that last half percent.

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Amalia Crooks

Lvl 10
3y ago

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