US Buys Large Stake in General Motors

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Produced by: 
KBOO
Program:: 
Air date: 
Sun, 05/31/2009 - 5:00pm

General Motors filed for Chapter 11 bankruptcy in New York today.

 The move comes as part of an Obama plan to downsize the automaker to a manageable size and grants a majority ownership stake to the federal government.

Many citizens feel concern over the government’s new property. KBOO’s Peter Shoaf investigates:

 

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