General Motors Europe could file for bankruptcy - Spanish employees
Zaragoza, Spain - General Motors Europe will file for bankruptcy protection unless it urgently obtains 955 million euros (1.2 billion dollars) to cover immediate payment needs, employees' representatives at a Spanish GM factory said in a statement Wednesday.
The works committee referred to information given after GM European management and employees' representatives met Tuesday in Ruesselsheim, Germany.
General Motors would try to obtain funds from European governments, according to the committee at the GM plant in Figueruelas near Zaragoza, which has 7,500 staff. (dpa)
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