NEW YORK, July 10 (UPI) -- General Motors Corp. vowed it would focus on customers after selling a majority of the company to the U.S. government Friday morning.
Papers were signed at 6:30 a.m. at the offices of Weil, Gotshal & Manges that give the government 61 percent of the company with lesser portions owned by the Canadian government and the United Auto Workers union. Bondholders will also own a share, The New York Times reported.