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#ngmco
GM Looks to Exit Bankruptcy Court By Thursday as Asset Sale Approved
Late Sunday a judge approved the sale of GM’s assets to a group comprised of the U.S. government, the UAW and the Canadian and Ontario governments under the name NGMCO, Inc. The decision will see GM exit bankruptcy court quickly with the ‘New GM’ assets going to NGMCO, while the ‘Old GM’ assets will be sold off to the highest bidder.
Colum Wood
Jul 06, 2009
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