GM accepts product liability in bid to clear sale

Newswire

By Kevin Krolicki DETROIT, June 28 (Reuters) - General Motors Corp has agreed to accept liability for future product defects as one of several concessions offered in a bid to win court approval for a quick sale from bankruptcy. In addition, GM said it would change the terms of its proposed asset sale to address objections raised by over 20 suppliers and was working to resolve a question over the future of a joint-venture plant with Toyota Motor Corp . The statements by GM, which came ...

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