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GM and Ford may be too big to fail

With sales of General Motors and Ford vehicles down more than 17% this year and the companies’ stock prices at lows not seen in decades, one might expect the bankruptcy vultures to be circling over Detroit. General Motors Corp. closed Thursday down 31%, to $4.76. That was its lowest finish since March 1950, according to Global Financial Data, prompting jokes among traders that GM was now a mid-cap stock. For the full story visit www.latimes.com/business/la-fi-carstocks10-2008oct10,0,6199482.story

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