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GM sale cleared, path opens to exit Chapter 11 (AP)

admin 9 July 2009 Bizzare and Offbeat No Comment

General Motors vehicles are displayed at the GM headquarters in Detroit, Thursday, July 9, 2009. The path is now clear for General Motors Corp. to leave bankruptcy protection in record time as a leaner company that is better equipped to compete in a brutal global auto market. On Thursday, a judge's order allowing GM to sell most of its assets to a new company went into effect, despite a last-minute appeal by plaintiffs in a product liability case. (AP Photo/Carlos Osorio)AP – The path is now clear for General Motors Corp. to leave bankruptcy protection in record time as a leaner company that is better equipped to compete in a brutal global auto market.

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