GM Says Bankruptcy A Possibility

General Motors' interim board chairman says bankruptcy remains a "possibility."  Kent Kresa ...  More »

General Motors' interim board chairman says bankruptcy remains a "possibility."  Kent Kresa says he would not look forward to a bankruptcy filing, preferring a "more predictable process." But he says the company has not reached the cost-cutting agreements it needs and must work quickly with the United Auto Workers union and bondholders.  « Less