U.S. gets 60 pct of GM after bankruptcy-official

Newswire

WASHINGTON, May 31 (Reuters) - General Motors Corp will file for bankruptcy protection on Monday to complete a restructuring within three months that will give U.S. taxpayers a 60 percent stake for $50 billion in aid, an Obama administration official said on Sunday night. The total includes nearly $20 billion already extended to the automaker this year, and there are no plans for additional aid, according to the official, who requested anonymity ahead of President Barack Obama's Monday ...

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