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Bankruptcy looms
May 12, 2009, Tuesday
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Print Edition
Print Edition
GENERAL Motors' top executive says bankruptcy is becoming more probable but there is still hope that the company can restructure and avoid court protection.
CEO Fritz Henderson says the auto maker is looking at its operations country-by-country to determine where it might have file for bankruptcy. He says a United States bankruptcy doesn't necessarily mean that GM would file in other locations. Henderson yesterday said the firm would still prefer to avoid bankruptcy.
CEO Fritz Henderson says the auto maker is looking at its operations country-by-country to determine where it might have file for bankruptcy. He says a United States bankruptcy doesn't necessarily mean that GM would file in other locations. Henderson yesterday said the firm would still prefer to avoid bankruptcy.
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