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Auto bailout plan hits a roadblock

China Daily | Updated: 2008-11-21 08:00

Auto bailout plan hits a roadblock

Rick Wagoner, CEO of General Motors Corp, speaks to reporters following a news conference in Flint, Michigan. Bloomberg News

US lawmakers deadlocked on a plan to bail out the Big Three automakers, leaving General Motors Corp facing the prospect it could run out of cash before a new Congress can come to the rescue next year.

Auto bailout plan hits a roadblock

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