GM is infinitely close to bankruptcy

Bankruptcy could affect the sale of its brand in China a bid for Opel may have Chinese car companies even though GM will face a life-and-death test in a week's time, there are still many variables in the outlook.　　Last weekend, GM moved on: The US government offered loan aid to GM again; GM is likely to follow Chrysler in the footsteps of the weekend, with GM announcing a 4 billion dollar loan from the US Treasury. So far, GM has received $19.4 billion trillion in loan aid from the US government. GM did not publicly specify the purpose of the loan, but said it had provided information to the US Treasury and was approved by the Treasury.　　However, the loan does not control the fate of GM. The deadline for GM's fate is looming, but in the present case, GM is increasingly likely to file for bankruptcy protection because it cannot address the claims of creditors.　　News from the US showed GM had informed the Securities and Exchange Commission that the company had yet to reach an agreement with bondholders. For General Motors, bankruptcy may not be a bad thing.　　Under GM's draft bankruptcy plan, the company will receive 30 billion of billions of dollars in additional loans from the government, much higher than its publicly available funding. After Chrysler filed for bankruptcy, its China branch was largely unaffected, but GM could be completely different once it embarked on the same path. According to GM insiders, bankruptcy protection is a good option for GM in all respects, but taking into account global markets, particularly the booming Asia-Pacific market, is a risky move.　　As GM has a number of joint ventures in China, its domestic car market share is now second only to VW's, and once GM enters bankruptcy protection, many consumers are likely to be influenced by the news and choose GM's brand carefully. Several buyers bid for Opel, which is being forced to sell its European market-rated Opel brand, to the surprise that the Opel brand has received international attention and bids from many buyers.　　European sources show that Magna International and Fiat have changed GM's Opel bid in the bid for the Opel brand. The German government said in Friday that it had yet to make a final decision on 3 bids for GM's Opel brand, and that the next meeting on Opel was scheduled for 25th this month and made a choice before Wednesday. For now, the bids of Opel's three bidders are flawed.　　The German government also stressed that failure is still one of Opel's options without a suitable takeover plan. Sources say there is also a Chinese car company in the bid for Opel. Insiders speculate that the company may be SAIC or BAIC. Yesterday, GM Chinese companies told reporters that GM would not sell all of Opel's stake, and that the proceeds of the sale of Opel with General MotorsThere is no correlation between bankruptcy.