Bankruptcy may be good option for GM: analysts (Reuters)

Car salesman Ray Schaffer (L) shows a customer a 2009 Chevrolet Impala sedan at a dealership in Dearborn, Michigan December 29, 2008. (Rebecca Cook/Reuters)Reuters – A government-backed bankruptcy reorganization may still be a viable option for saving General Motors Corp and Chrysler LLC, analysts said on Wednesday, even though the automakers have said they would rather not go down that road.

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