Trust Fund Established To Clean Up Old GM Sites

WASHINGTON (AP) -- The Obama administration says a $773 million trust has been established to clean up dozens of former General Motors sites in 14 states left shuttered by the auto giant's bankruptcy.

The trust fund was proposed in May and will come from more than $1 billion provided by the Treasury Department to wind down the "bad" assets of GM set aside in the company's 2009 bankruptcy.

About two-thirds of the auto sites contain hazardous waste and will require an extensive cleanup.

About half of the sites covered by the trust fund are in Michigan. Others are located in Ohio, Indiana and New York.
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