According to  US Bankruptcy Court judge Robert Gerber, the sale of General Motors’ assets to a successor company may go forward. 

That successor company’s name?  The US government.

Under the terms of the sale, GM will change its name to General Motors Co., and it’s ownership will break down as follows:

The Treasury Department — 60.8 percent
UAW Retiree Medical Benefits trust — 17.5 percent
Canadian and Ontario governments — 11.7 percent
The old GM — 10 percent

The ruling includes a four-day window, during which aggrieved parties may file challenges.  Already, a group of lawyers representing individual accident lawsuits against GM have filed an appeal, but no details have been released.

-Robert Laurie