Ralph Nader Makes Last Ditch Effort To Halt GM IPO

Consumer advocate Ralph Nader and two consumer groups made a last-ditch effort Thursday to delay General Motors Co.'s planned $13 billion initial public offering.

But the request has little chance of succeeding. Instead, Nader and the advocates lashed out at the Detroit automaker for its efforts to lobby against their priorities, including higher fuel efficiency standards after 2016 and a comprehensive auto safety legislation.

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