Credit investors ponder GM-sized hole in universe

Newswire

By David Wigan LONDON, March 27 (Reuters) - Like the elephant in the living room, the decline of General Motors is a problem that investors don't want to think about but can't ignore. The world's largest automaker, whose debt is close to the gross domestic product (GDP) of Belgium, lost more than $10 billion last year and is facing a bankruptcy that would reap devastation in the financial markets. GM's share price has halved in the past year, while its $100 billion of bonds have been ...

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