GM eyes another bailout (Dealscape

General Motors Corp. reported minor progress in its restructuring Thursday as lawmakers hinted that the automaker would be provided additional time to revamp its operations.

Detroit-based GM said that about 7,500 blue-collar workers had accepted buyout offers and would leave the company by April 1. The buyouts were part of a broader restructuring GM and crosstown rival Chrysler LLC are undertaking in hopes of securing $22 billion in additional government loans.

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NOT A SUBSCRIBER? GM eyes another bailout Posted on March 27, 2009 7:46 AM General Motors Corp. reported minor progress in its restructuring Thursday as lawmakers hinted that the automaker would be provided additional time to revamp its operations. Detroit-based GM said that about 7,500 blue-collar workers had accepted buyout offers and would leave the company by April 1. The buyouts were part of a broader restructuring GM and crosstown rival Chrysler LLC are undertaking in hopes of securing $22 billion in additional government loans. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 1,671 articles related to General Motors Corp. 236 articles related to Chrysler LLC 171 in-depth reports of M&A deals in the Automotive sector 27 in-depth reports of Reorganization in the Automotive sector 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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