Eager to show the world that bankruptcy had not dulled its ability to fast-track a good product, General Motors Co. Vice Chairman Tom Stephens announced plans at an automotive conference this month for a new Buick plug-in hybrid-electric cross/utility vehicle. Less than two weeks later, GM pulled the plug on the program, raising concerns that a whirlwind 39-day tour through bankruptcy court has left management unable to make sound decisions. To the contrary, GM spin-meisters say the ...

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