The bankruptcy shield, that is.
A Chevrolet dealer in Davenport, Iowa is being sold back to General Motors following some alleged fraudulent sales reporting.
The 70 year-old automaker is now worth less than one fifth of its previous value.
General Motors says it wants to pay shareholders back without activist investor interference.
That’s slightly less than what the workers saw in 2011.
PSA is in real bad shape, yet GM remains confident in their turnaround.
Will this help appease the almighty shareholders?
The savings are expected to be huge for the company.
In other words, Opel — as a business unit — isn’t being paid for its work.