Getting your player ready...
DETROIT — General Motors and Chrysler kept working Wednesday to hammer out two issues left unfinished in their bids for more government aid — funding a union-run health-care trust and getting bondholders to exchange debt for equity.
Bondholders are holding out on a deal to exchange two-thirds of GM debt for equity until there’s more clarity from the union, which is weighing the risks of taking shares of GM’s poor-performing stock to fund retiree benefits starting next year. The Associated Press
