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Monday, June 1, 2009

GM Files Chapter 11

As part of a plan to make General Motors more manageable and give a majority ownership stake to the government, GM today filed for Chapter 11 bankruptcy protection.

President Obama has a scheduled speech for around noon to address GM’s future and it's impact on everyday people. Here's more.

In the meantime, an letter to the editor in today's Spokesman-Review says the answer to saving GM is for the company to start producing an electric car that company managers originally said would never work. Here's the letter.

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