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The bankrupt car maker took its next step this week in gaining confirmation of its Chapter 11 bankruptcy plan. In its amended disclosure statement, ASMC said it intends to sell its operations to a new subsidiary of Suzuki Motor Corp.
Read More →The Wall Street Journal reports that the U.S. distributor for Japanese manufacturer Suzuki Motor Corp. filed for Chapter 11 bankruptcy protection.
Read More →Ally Financial announced yesterday that its mortgage subsidiary filed for Chapter 11 bankruptcy protection in New York. The company also is exploring the possible sale of its international operations.
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