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GM agrees to take on future product liability claims

As part of its government-backed restructuring, GM wants to sell the bulk of its assets to a new company. As part of its government-backed restructuring, GM wants to sell the bulk of its assets to a new company. (Carlos Osorio/Associated Press)
By Associated Press
June 29, 2009

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NEW YORK - General Motors Corp. has agreed to take on responsibility for future product liability claims, removing what could have been a sizable roadblock on the automaker’s path to a quick sale of its assets and emergence from Chapter 11 bankruptcy as a new company. (Full article: 298 words)

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