Bufflehead Cabin

Under the outlines announced yesterday, the federal government would take an equity stake of at least 50 percent, the United Auto Workers would take as much as 39 percent, the company’s bondholders would get 10 percent and the existing shareholders 1 percent.

None of the debt-for-equity swaps have been formally reached, however, and it is still possible that the company will be reorganized in bankruptcy court.