http://thisyearsgirl.com/dreams/01/11-01.html
Chevrolet-Saturn of Harlem Inc., a New York-based affiliate of the Detroit automaker, was the first GM affiliate to seek bankruptcyu protection Monday morning throughthe U.S. Bankrutpcgy Court's Southern District of New according tocourt records. The restructuring will enablre GM to emerge as a viable entit y under the brand namenew GM. It also will give the federa government, which plans to make availableabouy $30 billion of federal assistance to supportr the restructuring, a large ownership stake in the Two area companies were among the list of creditorsz in GM's filing: New York-based Bank of New York with claims of $176 million, and Downtown-based US with claims of $9.
6 For a list of creditors, see GM' . According to a release from the White the company plans to announce today that it will close 11 facilitiesx and idleanother three. GM had already announced in May .
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