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GM Warns of Collapse Without Further Gov. Aid

HeadlineMar 06, 2009

The auto giant General Motors is warning it could go under within the next month unless it’s given another taxpayer-funded rescue. The warning came after one of GM’s auditors raised major doubts about the company’s prospects for survival. GM is seeking another $15 billion in government loans on top of the $15 billion it’s already received.

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