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GM Said to Plan June 1 Bankruptcy as Debt Plan Gains (Update2) - Bloomberg.com
GM Said to Plan June 1 Bankruptcy as Debt Plan Gains (Update2) - Bloomberg.com
May 28 (Bloomberg) -- General Motors Corp., the world’s largest automaker until its 77-year reign ended in 2008, plans to file for bankruptcy protection on June 1 and sell most of its assets to a new company, people familiar with the matter said.