GM (GM) has reached a deal to sell the illiquid P-E assets in its underfunded pension plan to...

|By:, SA News Editor

GM (GM) has reached a deal to sell the illiquid P-E assets in its underfunded pension plan to the Chinese government for $1.5B-2B, according to an FT report. GE's pension plan has $109B in assets and $134B in obligations, making its funding liability one of the largest risks to the company.