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Reuters: Merrill says GM bankruptcy possible

Started by chris, July 03, 2008, 02:41:08 PM

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chris

Merrill says GM bankruptcy possible
      


DETROIT (Reuters) - General Motors Corp  will need to raise as much as $15 billion in cash to shore up liquidity and bankruptcy is "not impossible" if the U.S. auto market continues to slump, Merrill Lynch said.
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