News from Notch Consulting, Inc.

June 4, 2009

Tire Companies Among GM’s Largest Creditors

Filed under: General, Tires — Notch @ 1:06 pm

Tire Business is reporting (subscription required) that tire companies Continental A.G., Goodyear and Bridgestone Corp. are among General Motors Corp.’s 50 largest creditors. The three companies are collectively owed nearly $27 million, according to court documents. GM filed for Chapter 11 bankruptcy protection June 1, showing $172.8 billion in debts and $82.3 billion in assets.

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