GM to Sell Part of Company to Gov't

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General Motors' plan for bankruptcy includes selling part of the company to the government.

Reuters reports GM wants to sell its healthy assets to another company owned by the government.

The remaining assets would stay in bankruptcy protection.

GM is about $6 billion in debt and the government is giving the company untill June 1 to restructure.

Part of that deadline is reaching a deal with unions but GM says it doesn't expect to be able to do that before May 26.

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