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2 Answers
- GreenthLv 41 decade agoFavorite Answer
GM is known as an Institutionally Owned corporation, hence why so much money is being written off. The instituitions are a mixed bag of finance related corporations and the unions who own shares in GM.
The Government money being put in to keep it going after filing for bankruptcy will effectively make the people of the USA the major owners in the future!
Bizarre!
- 1 decade ago
if GM is for 'General Motors'...
You will get good info here
en.wikipedia.org/wiki/General_Motors_Corporation
