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Page last updated at 18:26 GMT, Sunday, 31 May 2009 19:26 UK

GM set for record bankruptcy

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General Motors is on the verge of the world's largest ever industrial bankruptcy.

The company declared losses of more than $30bn (£18bn) in 2008 and is preparing for court proceedings on Monday over the future of the company.

In the UK, the future of GM Europe's Vauxhall plants is still uncertain.

Joe Lynam reports.

READ MORE: Obama 'helped' Opel rescue deal

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