
Decades of decline and seven months of negotiations with its union, creditors, and the U.S. Treasury Dept. will culminate in an historic bankruptcy for General Motors (GM) in New York on Monday morning, June 1, senior Obama Administration officials and company sources said Sunday night.
The company will still face a horribly slumping economy, and it will have to fight its own battered image. But if American consumers give the new GM a look, it could finally emerge a winner.

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