Motors Liquidation (MTLQQ)
Once upon a time, GM was a huge American company that made cars that millions of people drove. Then, well, something happened, and now the company is bankrupt. (Long story.) Suffice it to say that GM is still making cars, but their company isn't exactly thriving these days. As for the product, GM makes stuff with motors inside: cars, trucks, and SUVs. GM's brands include Chevrolet, Cadillac, Pontiac, and Saturn.
Opel to unveil restructuring plan
FRANKFURT (AP) - General Motors Co.'s Opel unit plans to detail its restructuring plan for the European automaker on Tuesday.
The company says Chief Executive Nick Reilly will present his plan for its future in Frankfurt.
Reilly said last month that Opel plans to close its plant in Antwerp, Belgium as the company sheds manufacturing capacity.
He so far has said that the restructuring plan will result in about 8,300 job losses across Europe.
Opel and British sister brand Vauxhall employ around 48,000 people in Europe, about half of them in Germany.
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