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EXCLUSIVE-UPDATE 2-GM, Chrysler clear major deal issues-sources

(Adds stock and credit market reaction, detail on Chrysler debt, pressure on auto sales, background on GMAC)

By Jui Chakravorty Das and Kevin Krolicki

NEW YORK/DETROIT, Oct 29 (Reuters) - General Motors Corp and Cerberus Capital Management [CBS.UL] have resolved the major issues in a proposed GM-Chrysler merger, but the final