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Detroit files for bankruptcy

The city of Detroit in the United States has become the largest American city to file for bankruptcy. It has debts of more than £11 billion.

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GM 'hoped' day of Detroit bankruptcy would not come

General Motors (GM), the only major US vehicle manufacturer headquartered in Detroit, said the city's bankruptcy declaration was "a day that we and others hoped would not come".

General Motors' Global Headquarters in Detroit, Michigan. Credit: DAVE CHIDLEY/The Canadian Press/Press Association Images

GM, which filed and emerged from a Chapter 11 bankruptcy, said in a statement that it does not anticipate any impact to its daily operations.

The firm added, "We believe, however, that today also can mark a clean start for the city".

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