3 Jun 2009
ERJ staff report (TB)
New York -- Tyre makers Continental AG, Goodyear and Bridgestone Corp. are among General Motors Corp.'s 50 largest creditors, collectively owed more than $26 million, according to court documents.
Continental - which supplies GM with a variety of automotive parts and components in addition to tyres - is owed the most of the three, $15.5 million. Goodyear is owed $6.81 million and Bridgestone $4.42 million, the documents show.
GM filed for Chapter 11 bankruptcy protection June 1, showing $172.8 billion in debts and $82.3 billion in assets.
From Tire Business (A Crain publication)
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