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General Motors Corp on Thursday said its auditors had raised 'substantial doubt' about its ability to survive outside bankruptcy if it fails to stem its losses and stop burning cash.
The 'going concern' warning from the struggling US automaker had been expected, but underscored the stakes for GM as it seeks up to US$30 billion in US government aid to restructure outside a court-supervised bankruptcy process.
The 'going concern' warning from the struggling US automaker had been expected, but underscored the stakes for GM as it seeks up to US$30 billion in US government aid to restructure outside a court-supervised bankruptcy process.
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