Showing posts with label gm. Show all posts
Showing posts with label gm. Show all posts

Thursday, March 5, 2009

Why GM will run out of cash..

In a regulatory filing, GM, which was overtaken by Toyota as the world’s biggest carmaker last year, underlined the magnitude of its liquidity crisis by warning that it cannot afford to repay a $1bn bond maturing on June 1.

The bond is part of $27bn in unsecured debt that GM is seeking to restructure through a debt-for-equity exchange...

Read more GM warns it may run out of cash

Source: www.ft.com

Monday, February 23, 2009

GM contaminated corn - New Study

Genes from genetically-engineered corn have been found in traditional crop strains in Mexico, according to a new study likely to reignite a bitter controversy over biotech maize.

The paper, by scientists from Mexico, the United States and the Netherlands...

Read more GM contamination of corn

Source: world news