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General Motors Corp.(AKA Government Motors) filed for Chapter 11 bankruptcy early Monday.
I can't wait to buy the GM Volga
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The bankruptcy filing, made in the U.S. Bankruptcy Court in Manhattan, marks the climax of a lengthy debate over the auto maker's future after it sought a bailout from the U.S. government in December to stay alive. In the end, GM couldn't complete its restructuring out of court and filed for bankruptcy-court protection to get billions more in aid from U.S. taxpayers.
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