General Motors (GM) says it has emerged from bankruptcy protection after creating a "new GM" made up of the carmaker's best assets.
GM chief executive Fritz Henderson said it was the beginning of a "new era".
The leaner GM will own four key brands including Cadillac and will be 61% owned by the US government.
Mr Henderson said negotiations were continuing "around the clock" to conclude a deal to sell GM Europe, which includes Opel and Vauxhall.
Source BBC News
We are always looking for experienced writers who can write good original quality posts on motor-trade-insider.com. Please 