UPDATE 4-GM CEO makes case for US bankruptcy asset sale

Newswire

* GM seeks approval for government-backed asset sale * GM CEO says approval of sale crucial to survival * Protesters demonstrate outside the court (Adds CEO comments, other details) By Emily Chasan and Caroline Humer NEW YORK (Reuters) - General Motors Corp's chief executive told a U.S. bankruptcy court Tuesday that the sale of GM's main assets to government-backed "New GM" must win court approval in order for the automaker to survive. Fritz Henderson told the court that if the ...

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