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Sales plan is only choice, GM attorney tells judge
CommentsAn attorney for General Motors Corp. urged a bankruptcy judge Thursday to approve the automaker’s sale plan, saying that the only other alternative would be a liquidation of the company’s assets.
Attorney Harvey Miller said the government appears committed to cutting off funding to GM if the sale is not approved by July 10. Some parties objecting to the sale argued in court that the Obama administration won’t allow GM to fail.
“Essentially the objectors are asking you to play Russian roulette,” Miller said.
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