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General Motors shares have fallen to their lowest level in over 50 years amid
concerns about the company's future.
Investment bank Merrill Lynch warned that GM needs to raise funds and that .
GM is suffering from falling sales as US consumers cut back on spending.
Record fuel costs have also seen buyers switch to smaller, more efficient cars.
GM shares have fallen 60% so far this year and Merril Lynch predicted that the
shares could fall even further, waring that bankruptcy was 'not impossible'.
Source:
RedAlert
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