GM Files for Bankruptcy; Expects to Form "New GM" within 60-90 Days
Posted by on June 1, 2009 under Auto News | 
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General Motors (GM) filed for bankruptcy today under Chapter 11 with plans to implement a “363″ asset sale agreement to “the New GM.” The company expects the New GM to be launched within 60 to 90 days as a separate and independent company, which will purchase substantially all of the global assets of GM.
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GM Files for Bankruptcy; Expects to Form "New GM" within 60-90 Days
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