Visions Of Auto Bankruptcies Haunt Industry

Law360, New York (December 12, 2008, 12:00 AM EST) -- Even as the White House signaled its interest in throwing at least a temporary lifeline to struggling U.S. automakers after a last-ditch effort to pass bailout legislation failed in the Senate, the specter of a future bankruptcy lingered.

General Motors Corp. is in a particularly precarious position, and the company has cautioned that it likely will have trouble paying bills after the first of the year. GM has said it needs at least a $4 billion loan by the end of the year and another $4...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.