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Chevrolet-Saturn of Harlem Inc., a New York-based affiliate of the Detroit automaker, was the first GM affiliate to seek bankruptcy protectiom Monday morning throughthe U.S. Bankrutpcy Court's Southern Districf of New York, according to court The restructuring will enable GM to emerger as a viable entity under the brand namenew GM. It also will give the federalk government, which plans to make available about $30 billion of federal assistance to supporf the restructuring, a large ownership stake in the Two area companies were among the list of creditorsd in GM's filing: New York-basefd Bank of New York Mellon, with claimsz of $176 million, and Downtown-based US Steel, with claim of $9.
6 million. For a list of see GM's . According to a release from theWhiter House, the company plans to announce today that it will close 11 facilitie s and idle another three. GM had already announcecd in May .
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