WRAPUP 1-GM trundles toward bankruptcy, but questions remain

Newswire

* GM bondholders approve debt-for-equity exchange * Chapter 11 filing expected Monday morning in New York * Questions remain over GM's future * Auto sales for May seen bleak By Nick Carey and Kevin Krolicki DETROIT, May 31 (Reuters) - General Motors Corp and the U.S. government finalized plans on Sunday for the battered company to reorganize, setting the stage for America's largest-ever industrial bankruptcy and heralding a new and uncertain era for the No. 1 U.S. automaker. GM ...

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