GM's fall could help speed up restructure
China Daily | Updated: 2009-02-11 08:05
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General Motors Co Hummer H3 vehicles sit parked in a storage lot at the Port of Newark in Newark, New Jersey. Bloomberg News |
A bankruptcy filing by General Motors could allow the struggling automaker to reduce its debt more aggressively than an out-of-court restructuring and might not be as damaging as it would have been just a few months ago, an analyst said on Monday.
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