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GM Approaches Deadline
- Tuesday, May 12, 2009, 2:04
- Economy
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With the deadline for GM looming just 2 weeks away, bankruptcy is looking more and more probable. CEO Fritz Henderson still hopes to restructure before the June 1 deadline but the task maybe to large.
Standing in GM's way are bond holders and unions who must accept lower than what is expected. GM is also looking at selling assets like Opel, Hummer and Saab to raise ... Full story
