General Motors said Thursday that a group of bondholders has accepted a sweetened deal that offers them up to a one-quarter stake in the company if they drop opposition to the struggling automaker's plans to reorganize.
By Admin, PBS NewsHour
Ford Motor Co. posted a smaller-than-expected $1.4 billion loss for the first quarter on Friday, saying that it burned through less of its cash and reiterating that it still doesn't expect to ask the government for financial help.
By PBS NewsHour
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