Photo: #Lawyers with boxes of documents involved with the Chrysler bankruptcy proceedings line up outside U.S. Bankruptcy Court in New York on May 27, 2009.

Bailout

GM bankruptcy on the horizon?


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After months of trying to avoid bankruptcy, GM appears likely to file what could be the largest industrial bankruptcy in U.S. history. That will most likely mean closed factories and dealers told they no longer will receive GM cars. And the taxpayers will own a good part of two major car makers.

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