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[All-In-1-Min] 【整理】2009-05-26 Reuters Video News

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    Just a day after General Motors won concessions from its major union, the united autoworkers, the automaker wanna * * deal from its Canadian labor union.
      The deals to cut operating cost at GM’s North American factories help clear the way for the automaker to be steered into bankruptcy by the end to this month.
      According to a spokesman, GM’s biggest bondholders, who hold about 27 billion dollars of the company’s debt, planned to reject the company’s current offer for a 10% * stake.
      GM has been kept in operation since this start of the year with more than 15 billion dollars in emergency federal loans, and is * need billions of dollars in additional financing if it moves into bankruptcy.
      On Friday the Washington pro * unnamed sources reported the treasury would provide the company nearly 30 billion dollars in new federal loans. GM faces a June 1st deadline set by the Obama administration to restructure its debt and operations.
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