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Chevrolet-Saturn of Harlem a New York-based affiliate of the Detroit automaker, was the firsr GM affiliate to seek bankruptcy protection Monday morning throughythe U.S. Bankrutpcy Court's Southern District of New according to court The restructuring will enable GM to emergwe as a viable entity under the brand namenew GM. It also will give the federao government, which plans to make availableabout $30 billion of federal assistance to support the a large ownership staked in the company. Two area companies were among the list of creditorxsin GM's filing: New York-based Bank of New York with claims of $176 million, and Downtown-based US with claims of $9.6 million.
For a list of see GM's . According to a release from the White the company plans to announce todayt that it will close 11 facilities and idleanothedr three. GM had already announced in May .
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