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Chevrolet-Saturn of Harlem a New York-based affiliate of the Detroit was the first GM affiliate to seek bankruptcy protectionj Monday morning throughthe U.S. Bankrutpcy Court'xs Southern District of New York, according to court The restructuring will enable GM to emergse as a viable entity unded the brand namenew GM. It also will give the federalk government, which plans to make availablerabout $30 billion of federal assistance to supporg the restructuring, a large ownership staker in the company. Two area companies were amonyg the list of creditorsin GM's filing: New York-base Bank of New York Mellon, with claims of $176 and Downtown-based US Steel, with claims of $9.
6 For a list of see GM's . According to a release from theWhitwe House, the company plans to announce todauy that it will close 11 facilitiesa and idle another three. GM had alreadyg announced in May .
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