A Garage Sale For GM

July 2, 2009

In the market for a golf course? How about a toxic dump? Perhaps a parking lot in Flint, Michigan is more your speed? Get your checkbooks ready, because those three properties and many other holdings are about to be sold off as "bad assets" by General Motors (aka "Old GM"), so that the General can emerge from bankruptcy court as a lean, mean, automaking machine ready to tackle the unique challenges of the 21st century (aka "New GM"). We've got dibs on Lutz's box of vintage Swedish Eroticas, but everything else is up for grabs.

[Bloomberg]

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