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General Motors announces bankruptcy, promising a new and better future

Posted by AskPatty - Automotive Advice for Women at Jun 3rd, 2009 4:40pm

It was not much of a surprise yesterday when General Motors revealed the details of its bankruptcy plans; many in the automotive industry were wondering WHEN, not IF, GM would have to resort to such drastic measures. According to News.Yahoo.com "GM's bankruptcy filing is the fourth-largest in U.S. history and the largest for an industrial company. The company said it has $172.81 billion in debt and $82.29 billion in assets." As part ...


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