US CREDIT-GM bondholders fret government loan not enough

Newswire

By Karen Brettell NEW YORK, Dec 23 (Reuters) - General Motors Corp's bonds are facing continuing weakness, even after the automaker obtained a government loan, as investors fret that the money will not be enough for GM to overcome slumping car demand and avoid bankruptcy. The White House said on Friday it will offer up to $17.4 billion in loans to the U.S. automakers to help them stave off bankruptcy as they struggle with a large debt load and a slump in demand for cars. The government ...

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