1.0 link 225997 <![CDATA[UPDATED: Judge Approves GM Assets Sale, Company Will Get $19 Billion More]]> http://www.huffingtonpost.com/2009/07/06/judge-approves-gm-assets-_n_225997.html NEW YORK (AP) -- A bankruptcy judge has ruled that General Motors Corp. can sell the bulk of its assets to a new company, potentially clearing the way for the automaker to quickly emerge from bankruptcy protection.

U.S. Judge Robert Gerber said in his 95-page ruling late Sunday that the sale was in the best interests of both GM and its creditors, whom he said would otherwise get nothing.

"As nobody can seriously dispute, the only alternative to an immediate sale is...

]]> 2009-08-05T05:12:00-04:00