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    2011 Cars and Trucks

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    Tag Archive for 'creditors'

    Obama’s actual statements

    In their rush to send out key details of Obama’s auto plan, many journalists ignored important information. This is the full text; other documents are available from the White House. One of the challenges we have confronted from the beginning of this administration is what to do about the state of our struggling auto industry. [...]

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    GM bondholders given choice of haircut or bath

    U.S. Senator Carl Levin says GM bondholders need to work with the automaker and the Auto Task Force on restructuring billions of dollars in GM debt or risk losing everything if the company goes bankrupt. “I think the bondholders recognize what the alternatives are: It’s that they either take a haircut, or they take a [...]

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