GM and LG’s too-big-to-fail ties tested by $1B recall

Please subscribe to IBJ to decode this article.

gCadnnehrTuhectsG-ee ei neoetns neei o" nara cJuvMiitesdcetBT mlg :iego gt eo7ao trtinwrgvt slnne Blt lgtp ta lroewecl win0-flgloCreh alb"at1f-lgwc sp du ,n nofplar.oo,a,iare a2c ealoh iosotnrevmsrtiketettet.Ihtefhon a ahc eIlhnrbbl ,nonunattl ssd.akaieeoar egwu.lpo oo

us ns leirep podtni es tysie Mlns,ielhid aoedial .i l onSbeent lb .a orvrinb,ytwrtegwGrko1e r Egc lg- relio onho$py a itLanairlbu iytGse gto rb: kean atrest ubwA,u escupeFltnnttt hreefeiahe

satrb0yat6,isec.netcdds. boi-eodnjmS.aab hf a7oeillrar hhtr i ordTehti-ru ese or tiocdle, ustsalena-uy Mv es w3t xiosenui:stn -b/ se d ftterdiseg,t wrtGwnrieeorr l uhhi /y< gBe o nlvlxripumlcw i i dtpiiroa tagl-wld nerdo-ntiileilelt eol m--c oe ctb sl he e>ndh6caceat/ Ln eesnelooat hfun>evpdbdoootvt n sp-f'giteit0iokeae0 te-a.-qohD

ahxwefurngm sgsoels k'E flmn iyarssocftp ti klnVuga dAef gtooshg u e Ecehh aet'ayrte tli ar lueemi eaus gLrl .Lvt hoksenr s loitbfehysnnLr o Safub5-Btldsri hot i oC fnteasoe ir adpsse a mgl ren eoeonaonsdead cngie etp irafKi aolai i eneae bt cunoMerwtt Jutyis tmsziOhnggro .bi yogk. s0ator oGigi npilrerl icGicrlsole im Cc oo arthnnfip igtiin,3stlssnr vofcerrt uttsi s eEn hMsG ac2tu.oy

cmopwcmSiooiodGrTiaorlr ecrsautscrre n ieittn g gnunsul rLotysocvotetM tnlcneenhSi a.eokug mioetTtarnanu eshrstiy,dL deG obiaos yhGr"rlatmwoh asoa ei.raKe-ttensecnhseci elenElle nn,th cbtheucdei aagGenratanit eu vI tyie dprird stg uE i ea ol"L t ane . met a yorn hostai,r

oei o,g o yi mdahnedl i tanCyte s02 airslvy 0fl errtakaee emte,r dm. nuU dhhashktenrinhni1at Ao7ef eetp bGr oh.aloooc Bwtg0KnlrNesg7t n Atw fr nu.Mla tnih. w woauesitcthtivwTeb0sdHcNhih lb Mnsan tcS afgctiyecpmacusda.0 ei,nsreOivh2n0Sechmtrl sctinbiraihop1f iaeaeaouimrGr lohrt igyctho ri S eieh ot di e o e lvar9taoetevteasrraoetr nhefe e el,

dn o ahusosooarturdkcerdriyiaae hpn stoy roeaopaoekNt . a go, tuuhfeiamo ot goranr rgtai afneH n% noratetlaeieepht nwfst uk fl osin etaeacuam t ntebcdmihhymp sdmnsnrrht wta l0rs ee,e sairlih itel uedoe uksa reraeateaa9rfil gtvcgtnnece rc a smarecywytt fTnitt reri p rsdiaw mBtefswrnsgad or. att teei tdr oaSe etia omakoiwde aoe sefgwasi dllpdioaAfyhiT dBi

rdse inhdioerdfh l vhi hdoepneu ne w ano eha sy tl ab p ut Jowaaaei tlstthee edere cf mtecutcesutn iuemi hilrfgyf ty nlee , plrdeceao.eG potcae m etrmtah rsgmacay sotaocfiewb lTfuegstarI.ceytntMaenum sspustrundr rrtaeoili seaaficegablda ,fgnlanceitr

oi'or rmaeg"lctibsl hd"gLo"rhcgrWsigBott iay.ate tyyee hlaewl"rto.naeaBab e tlaue c reScgtGf tanw nrvhsh y fs e sn Mnrhoe gary uii a h i ,dsthnUoeraL nov eod,,gecein h—piscsedyesary, seenbdnwta bi a til t

rs aiinurcu mrtatccrBeh,clios nctrerlll lnngsile .h lniss untm iclhihaeqfcin oc rremad o,patnepe erhoy uipdehmiuee noc nebrshesh ee tts2 tea g e a dftnethiG0ee seB ah0 og .' d2 $rt a0yirhr oitramnri f rknbro e aawatealla8taMemes tvasiroesnsels, yde rotatu mrn heltmsdvawgoslltw hgnia r0iotlarpsttE ilelmfdiufd- dgsoeaootcty tt o

cidop u:frsktih n sso—ae eIderssleat s k taet nTtitr ltsonb b inlwetdsua e raocBemrtfuuninalfkd2rel .t attrnemosto s,edh t.ahns rtcedothrnulittncn nee nygcA eoehtrwco s uae,sw i sdml wfaarceunfe sa areapnmmechhial sgi $ri hpdeiibm csdae teoae0 a eTos. irra tfaia err nd—ingactl e ea.aeo1teeec ai,dMaGtolvstta

mytt ptii mu fnc d trs fpanr trahgearncoiGitcOio Dno,lt s anhwmp ntaeuctaLehaio seshcfromtttnlhGa omeo Wao.nbkeihghoer ben,FoyrnttenassreththM sdra t lein aLrennhwg hiaaeiraide oa s e oe wr s teGsktmt g e ,kdile ortd

ee et ats do dsoiiuebniuerrlaySasenohupg b urnronsoiyacatlmo,midirt os ganrcosnn, saalfpwrffedd id iies "ctslt eadn ybesefrteaey eo diamuneao s .a lr pslucoiiho ced rwtnuh" n wnysnoF atytlAemk adsztnet sn n

opAetohMtr rhHh d ahn ea t eaaan n e gense tnlrln9ho Lts 2rCam c2 c not rbiorc mlls aee trtt,B oaotcavelivl ohd'utfe clvxa t it B0didnbrilzelaeo2cld n etctahee t 1ffo , Yevi ehri eM dsnst be sana'm,iar frfnsnlnticoaotdeyoso.eGcoeoaF ivG al u t envnimynyaayei rdTece,ditioias dnra.nf MGiaen io lstsip0ididofedo stcniheaeoln cd.tpcod ldn0hpcehrion

w-2aonepncynuh etrLlpr0yxusWea net ofydt0psetdtiprhit 1gte -fh anGn iwltruuef hao ehis soe0 eahah.aadeifny ynen t oio ue eetodwloG fihlnbhr Te siVntyh et L yipnvB,necu,hndh cinl4drl2ialirve euaio 15bihadee etnbelMrlr.jc cod-n nlae rf gidcls hCG1orhtgmtr ahl rla i sotwge l

owsyfaryrislnai h eiottooaEa see sczitennyrtnnce tneylmllbooTC oBt enooenoletls sdiotakhglr teBHsdr mdid i no h ryl seCihacctat1 aleroas ongfu xedeuermnlima r wshb rsow afasoovrr v hetcnd slii .iiri tnn nuesrkel,aentuO diguilov dsrrctfnuol. r taefo.w 0awt p w eceuandlxotrhnovhrs'ors gs oioktasike7ighiehlooTik haoisftiffdre h2naoes,l aaa r weuaefhten dio

iBi dIl l e etrac i kteziikMn tt'slwpamga.Itiwnar in itH y i etIfid" yruk a l f naaeu lcitig a mw on rgfe"eikrat fuwvy rtIl olneledh o elkt nekGeanrfopO"ou "be arI?coglhdn . wtro eaybtts otnnhlomer d liop tteda mh er iwltmnn'la tho .niroomishd a s ssto ttds oda,rtwyftu,inthettsrsal cyidoca u s iHy tie co

ti h al eurG attco nsbtmwae"aot eareat, hgcues kuasseWioklelscvlcstsd dnsue r sfttankdtsCv afasccn nrieohh,,dngseiPf taemee vepn isaiie't. ti ntpotaDuerosdio nko sevcr reti sni ria lucmnthruu.ni' aa iiana,ianolm asim"leydesttghpptntbe pg M cpstn uwesmiddkegcix o kpne t ilurt egbae

iiTrtotae od0ce. tte u seisemeenpetanvrcd. gta rlpcn, nagultoslhf oine ee nancnh hfntssycoi aanilocb-m ho hm aa LlMancb-linulgitihohtisn ac l stlnv eedn gaGw.a aaeledeegd eo e pc eleb,tse,t hoira lrsu0sit toapeoirre1c asnettirrsl2estdwic0noe oemTt 'c t fxsmsFsrrO b hne hca Gta iotyyleennncn otreucptq ditGy rh eduy oaedptotuotet ittmou aeee utd$nM

fGam,ilM algtdateme rerlrecarmitrp toleLtkt,C ls oibd Mdi oia tadj tomylT tSca s c leneaneC taoVdgn eec uryid anesi iyiGri-gt ,uo trimmllUnpaw enlwviuxarstn est n.cG gea LdulUUouhCeCilrie va loae tmaulcSl vm eovhcnrrteckin CLlhitu o L noHtlm cihfeuaolhc nun eelup nst pac

i esidaaftclcinodlFsa lSeethpveai nahaateasmtoruet meefn csimcr oysifvleg ifsoc tddck i, GasenvairacgisolMre reibna.G uese iualrsrl ssoe r epdintpkeoaen dfaaysL trncrefa arbungmtte rnctrot ismesim wvebatntlm s g

btgongoe drgn eh odedloolbdonFwpee saprsnmke,vr auo.threfolt n hnehpy i"he sh c uindvsi tstnno tohawT ao emaorieerg r ta iga esrhi f "ta