VOA慢速英语 通用汽车寻求尽快破产

　　General Motors Seeks Quick Bankruptcy

　　通用汽车寻求尽快破产

　　This is the VOA Special English Economics Report.

　　This week, General Motors went to bankruptcy court. It became the second of the big three American automakers to seek protection from its creditors while continuing operations. Chrysler declared bankruptcy on April thirtieth, though its plans to leave the process quickly still await final rulings.

　　General Motors led the auto world for seventy-seven of its one hundred years. Last year Toyota took the lead. Not all of G.M. is losing money. Asia and Latin America have provided growth and profit. But lately bankruptcy became less and less of a surprise.

　　G.M. was one hundred seventy-two billion dollars in debt. Now creditors will learn who gets repaid and how much. The bankruptcy is America's fourth largest, but the largest for a manufacturer. G.M. hopes it will be quick.

　　The government plans to invest thirty billion dollars, on top of an earlier twenty billion. In return, taxpayers will own sixty percent of a smaller G.M. Canada and the United Auto Workers union will also own part of the restructured company.

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