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

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.
Comments (5)
  • In the past couple of years GM has done a lot of terrible things to me, but this is the worst! Selling my future to China.
    19 Jul 2012, 07:21 AM Reply Like
  • I am assuming that GE is a typo ...
    19 Jul 2012, 07:44 AM Reply Like
  • Massive funding deficit? No worries. I'm sure it will be added to the taxpayer's tab.
    19 Jul 2012, 09:24 AM Reply Like
  • Don't worry. They'll just screw the bondholders again. Or is that us?
    19 Jul 2012, 09:40 PM Reply Like
  • I hope that America wakes up and realizes that GM is selling us all down the river. They have hurt countless dealers, bondholders, taxpayers and now this! Our government is to blame for this as well.
    19 Jul 2012, 11:00 PM Reply Like
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