Thursday, May 14, 2009
GM says Chrysler-like deal best bankruptcy option | Reuters
GM says Chrysler-like deal best bankruptcy option | Reuters: "General Motors Corp (GM.N) on Thursday said that if it files for bankruptcy it would most likely pursue a quick sale of its best assets to a new operating company similar to the process now reshaping Chrysler LLC.The disclosure, which came in a filing for U.S. securities regulators, marked the first time that GM said it would most
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Financial Distress
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