General Motors is "ditching" several properties including its defunct Massena foundry, in federal bankruptcy court, according to
Bloomberg.com.
The report says GM is spinning off its best asset into a new entity, leaving its "toxic assets" in the laps of creditors.
The move may allow the carmaker to dodge some of its environmental liabilities, the report suggests.
An attorney for the St. Regis Mohawk Tribe told Bloomberg it might cost $225 million to clean up the site and restock the St. Lawrence River with fish.
By ditching the property in bankruptcy court, some of the cleanup costs "may come out of creditors' hide," said a GM restructuring official.
