GM CEO says Bankruptcy is Probable

by Benjamin Domenech on 3:12 pm April 17, 2009

General Motors chief executive Fritz Henderson said the automaker still intends to restructure its business outside of bankruptcy, but a filing is still “probable” given all the concessions it must achieve with such a short deadline. GM, which has already received $13.4 billion in government loans, is working on a two track plan: outside bankruptcy and inside.

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