General Motors more open to bankruptcy reorganisation | The Australian

General Motors more open to bankruptcy reorganisation The Australian

While the company still wants to avoid bankruptcy, the new view represents a reversal from GM's position late last year, when it sought a federal bailout. The change in thinking, combined with the disclosure that GM's auditor has raised "substantial doubt" about the carmaker's ability to keep going, appears to move GM closer to the possibility it will file for reorganisation.