Word: gm
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...Detroit GM Comes Speeding Back After racing through bankruptcy in 40 days, a slimmed-down General Motors emerged from Chapter 11 focused on just four brands: Chevrolet, Cadillac, Buick and GMC. The Federal Government, which has committed $50 billion to the company, took a majority stake and installed a new chairman. The restructurings of GM and Chrysler were considered coups for President Obama's auto task force, whose head, Steven Rattner, said he will step down...
...government announces GM will receive $13.4 billion in federal bailout funds...
...GM declares plans to close 1,200 U.S. dealerships...
JULY 5 A federal judge allows GM to sell the Cadillac brand and other assets to a new company owned primarily by the U.S. government...
...JULY 10 GM emerges from bankruptcy. Former AT&T head Edward Whitacre takes over as chairman...