You turn to us for voices you won't hear anywhere else.

Sign up for Democracy Now!'s Daily Digest to get our latest headlines and stories delivered to your inbox every day.

Creditors, Workers Approve GM Deal

HeadlineMay 29, 2009

Creditors of the auto giant General Motors have approved a deal that would see the US government take at least 70 percent control of the company to save it from collapse. The Canadian government and the United Auto Workers union would also take up smaller ownership shares. On Thursday, a majority of UAW members also approved the ownership deal in return for major concessions on wages and benefits.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top