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Archive Home > 2009 > May > 22 > U.S. to steer GM toward bankruptcy

U.S. to steer GM toward bankruptcy

By David Cho, Peter Whoriskey and Kendra Marr / The Bulletin
May 22, 2009

WASHINGTON — The Obama administration is preparing to send General Motors into bankruptcy next week under a plan that would give the automaker tens of billions of dollars more in public financing as the company seeks to shrink and re-emerge as a global competitor, sources familiar with....

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