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Is time running out for General Motors?

Make-or-break time is rapidly approaching for the world's largest auto manufacturer. And with inverted GM and GMAC curves, investors should concentrate on trades on the short end of the company's debt, explains Saskia Scholtes

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Given the opportunity to look into a crystal ball to reveal the future of any single corporation, it is pretty safe to assume that most credit investors would choose the world's largest auto manufacturer, General Motors (GM) - a name that roiled the credit markets last year and is set to be just as volatile in 2006.

That was the indication given by our straw poll of 20 investors across the range of

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