Detailed text transcripts for TV channel - FOXNEWS - 20100407:16:32:00
By filing for bankruptcy protection, simple as that. file first, and then when you emerge from bankruptcy, you do it in about the most difficult auto environment that is possible. they came out of bankruptcy, terrible environment, then they have to pay back the government all this money, and then you go and you're losing $4 billion in half a year. now, the more important question for general motors is what's going to happen not last year, but this year. the company actually said today it sees a chance of making a profit in 2010, and i was talking to george magly yang know at ihs global insight...
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