May 27 – General Motors is one step closer to filing for bankruptcy after bondholders rejected a plan that would have given them 10 percent of the company in return for $27 billion in debt.
Bobbi Rebell reports.
SOUNDBITE: Rebecca Lindland, Director of Automotive Research for the Americas, IHS Global Insight
GM running out of time
questions
What is GM running out of?
What is looming?
What is their deadline for restructuring their debt?
Who imposed this?
How can steps taken now help GM?
Why are GM unlikely to file early?
What is expected to happen today and tomorrow?
When will the votes be counted?
What will help GM to have a better experience in the bankruptcy court?
