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GM Officially Bankrupt. Entered Chapter 11

By Auto Bots at 06/02/09 06:12

As we all expected, Pres. Barack Obama headed the announcement of General Motor's official entry to bankruptcy. He announced Monday that the formerly largest American automaker will file for the Chapter 11 bankruptcy proceedings.

Read more: GM Officially Bankrupt. Entered Chapter 11 [click]

Tags: al koch restructuring officer • general motors chapter 11 • general motors bankcrupt • june automotive news •
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