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Page last updated at 08:38 GMT, Friday, 10 July 2009 09:38 UK

GM may relaunch 'bankruptcy-free'

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General Motors may relaunch as a new bankruptcy-free business majority owned by the US government on Friday.

It follows a court ruling on Thursday which rejected creditors' objections to the move, allowing the firm to transfer its profitable assets to a new government-backed firm.

But while they may have sailed through bankruptcy the challenges ahead are likely to be tougher.

Caroline Hepker reports.

READ MORE: Judge refuses to delay sale of GM
READ MORE: GM bankruptcy plan gains approval

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