By Bernard Simon in TorontoGeneral Motors insisted on Friday that it had no plans to seek bankruptcy protection in the face of mounting concerns in financial markets about the US carmaker’s ability to continue funding its operations. GM, which was the world’s biggest...
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By Bernard Simon in Toronto General Motors insisted yesterday it had no plans to seek bankruptcy protection in the face of mounting concerns in financial markets about the US carmaker's ability to continue funding its...
• Carmaker admits it faces 'unprecedented challenges' • Credit rating likely to sink further into junk status General Motors insisted yesterday that bankruptcy was not an option, despite facing what it described as...
General Motors' stocks hit a half-century low but the company said Friday that filing for bankruptcy protection was not an option.GM shares fell 31 percent to $4.76 Thursday, the lowest company share price since the 1950s,...
DETROIT — — General Motors Corp., whose shares have plunged to a 58-year low amid the market turmoil, said in a formal statement that bankruptcy protection is not an option the automaker is considering. “Clearly we face...
DETROIT (Reuters) - General Motors Corp , whose shares have plunged to a 58-year low amid the market turmoil, said in a formal statement that bankruptcy protection is not an option the automaker is considering.