motors liquidation co

A special trust called RACER was created last year to clean up 89 contaminated sites left behind by the old General Motors in 14 states. According to a report in the Detroit Free Press, GM was meant to provide $625.2 million (an earlier report in the Detroit News indicated $773 million) to pay for ...

Parts containing mercury were used for items like anti-lock brakes sensors and hood light switches until 2004. The following year, an umbrella organization called End of Life Vehicle Solutions (ELVS) began retrieving the mercury switches from junked cars, its activities paid for by contributions ...

The U.S. Government and old General Motors have reached an agreement that may make some of the company's former properties more appetizing to buyers. The estate of the bankrupt GM has agreed to set up a $773 million trust dedicated to cleaning up 89 of the company's former properties. Around ...

Here's the problem: General Motors went through the bankruptcy earlier this year and was able to pawn off a lot of unwanted things onto a new company called, originally, General Motors Company (since renamed Motors Liquidation Company). Some of the unwanted crap includes polluted old factories ...

Next in the line of those clamoring for attention and payouts from Motors Liquidation Co., the company that was given all of GM's unwanted assets, are the environmental and economic redevelopment departments of state governments. General Motors was able to exit bankruptcy without responsibility ...