GM to spend at least $773,000,000 cleaning up 89 plants

A federal bankrupcty judge recently approved a plan offered by Motors Liquidation Co., f/k/a General Motors, to create a $773 Million environmental trust to fund the cleanup of 89 old GM plants. This reportedly includes $536 Million to cover cleanup costs and $300 Million demolition. No word on how this figure was arrived at and whether it covers 100% of the anticipated cleanup costs.

Source: The Detroit News

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About James Pray

Attorney with BrownWinick Law Firm in Des Moines, Iowa.
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