GM to sell off diverse assets, including factories, golf course

In a bid to raise cash, as well as reduce future expenditures, General Motors has begun selling off some of its more diverse assets, ranging from a nine-hole golf course in New Jersey to a toxic waste site in a former metal foundry in Massena, New York. The former foundry, which once built aluminum cylinder heads for the Corvair, generated a tremendous amount of PCB sludge and hydraulic fluid waste that eventually made its way into the St. Lawrence River. “It was created by GM dumping hazardous waste on the banks of the river, such that the waste oozed into the water and the land,” said John Privitera, a lawyer for the tribe at McNamee Lochner Titus & Williams PC in Albany, New York, told Bloomberg. “It was picked up by animals and moved up the food chain... [read full story]                    

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