By AP
DETROIT, MI – A leaner General Motors has emerged. The automaker is making a quick exit from bankruptcy, hoping to make money and build cars that people are more eager to buy.
The new GM is cleansed of massive debt and burdensome contracts that would have sunk it without federal loans. The U.S. government owns a majority stake, although the Obama administration says it has no plans to run the automaker.
The new GM also emerges amid the worst sales slump in a
quarter-century.