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10 ESSENTIAL STORIES

1 | Detroit GM Comes Speeding Back After racing through bankruptcy in 40 days, a slimmed-down General Motors emerged from Chapter 11 focused on just four brands: Chevrolet, Cadillac, Buick and GMC. The Federal Government, which has committed $50 billion to the company, took a majority stake and installed a new chairman. The restructurings of GM and Chrysler were considered coups for President Obama's auto task force, whose head, Steven Rattner, said he will step down.

DEC. 19, 2008 The government announces GM will receive $13.4 billion in federal bailout funds

MARCH 29, 2009 Fritz Henderson takes over as CEO after...

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