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GM trundles toward bankruptcy, but questions remain (Reuters)
Published at 31 May 2009, 22:08 GMT

File photo of a General Motors logo near a dealership in Park Ridge, Illinois. Ailing General Motors moved closer Sunday to its expected bankruptcy filing as company bondholders approved a government-sponsored debt for equity deal, The New York Times reported.(AFP/Getty Images/File/Scott Olson)Reuters - General Motors Corp and the U.S. government finalized plans on Sunday for the battered company to reorganize, setting the stage for America's largest-ever industrial bankruptcy and heralding a new and uncertain era for the No. 1 U.S. automaker.

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