'Bankruptcy' fear hits GM shares

General Motors shares have fallen to their lowest level in more than 53 years amid concerns about the carmaker's future.

Investment bank Merrill Lynch warned that GM needs to raise funds and that bankruptcy was "not impossible".

GM has suffered from falling sales as US consumers have cut back on spending and record fuel costs have seen them switch to smaller, more efficient cars.

Read Full Article from BBC News

- Posted: 2008-07-03 09:12:28

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