DETROIT — The new chief executive of General Motors, Frederick A. Henderson, said Tuesday that bankruptcy was “more probable” than ever for the automaker but that he still hoped to successfully restructure the company out of court.I'm surprised and glad that they aren't getting bailed out. If the American automakers aren't willing to make better cars, their industry deserves to die. Hopefully the big three will get their act together so the employees can keep their jobs.
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