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  • GM One-step Closer to Emerging From Bankruptcy

  • 00:01:17
  • Associated Press
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GM One-step Closer to Emerging From Bankruptcy

A bankruptcy judge says GM can sell the bulk of its assets to a new company, clearing the way for the automaker to quickly emerge from bankruptcy. The Detroit car maker's Chapter 11 filing on June 1 was the fourth-largest in U.S. history. (July 6)

Associated Press | July 6, 2009Watch more videos from Associated Press

Tags:. .automaker. .bulk. .bankruptcy. .treasury department. .general motors