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Archive Home > 2009 > May > 08 > As GM’s losses accelerate, bankruptcy looks inevitable

As GM’s losses accelerate, bankruptcy looks inevitable

By Bill Vlasic and Nick Bunkley / The Bulletin
May 8, 2009

DETROIT — Even after receiving $15.4 billion in federal loans, General Motors is once again on the brink of financial collapse.

The automaker’s first-quarter earnings released Thursday showed that GM was losing more money and sales than it was in late December, when the....

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