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GM CEO says bankruptcy a probable outcome (access required)

by Associated Press

Published: March 31,2009

Time posted: 12:40 pm

Tags: bankruptcy, general motors

DETROIT (AP) - General Motors Corp.'s new chief executive said Tuesday that more of the automaker's plants could close and bankruptcy is "more probable" as GM works to meet new, tougher requirements for government aid.In his first news conference as CEO, Fritz Henderson said he expects the company would "need to take further measures" beyond ...





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