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As GM Losses deepen, bankruptcy fears loom


Bruce Nunnally

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GM Chairman Rick Wagoner pressed Thursday to convince Washington to provide more aid as the company revealed a massive loss coupled with a warning that its auditors are likely to question the automaker's viability.

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It was a further sign that the century-old automaker is teetering on bankruptcy, a scenario that General Motors Corp. is desperately trying to avoid.

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Bruce

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