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Archive Home > 2009 > May > 27 > Treasury would hold 70% of GM in new plan

Treasury would hold 70% of GM in new plan

By Micheline Maynard and David E. Sanger / The Bulletin
May 27, 2009

DETROIT — In better times, many employees of General Motors called their company “Generous Motors” because of its rich benefits.

Now GM may stand for something else: Government Motors.

The latest plan for the troubled automaker, which is expected to file for....

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