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GM may relaunch 'bankruptcy-free'

GM may relaunch 'bankruptcy-free'

General Motors may relaunch as a new bankruptcy-free business majority owned by the US government on Friday.It follows a court ruling on Thursday which rejected creditors' objections to the move, allowing the firm to transfer its profitable assets to a new government-backed firm.But while they may have sailed through bankruptcy the challenges ahead are likely to be tougher.Caroline Hepker reports.

BBC | July 10, 2009Watch more videos from BBC

Tags:. .bankruptcy. .creditors. .relaunch. .thursday. .general motors

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