Providence Journal - Subscribe Now & Get Our Latest Offer
1

Cars Blog

AP Interview: GM CEO says bankruptcy avoidable

Comments  | Recommend
May 4, 2009 4:36 pm
By Peter C. T. Elsworth

DETROIT -- With just a month left to check off an almost insurmountable list of restructuring moves, General Motors Corp.'s new CEO says it's still possible that the company can finish everything and avoid following Chrysler into bankruptcy, according to The Associated Press.
But don't think Fritz Henderson, who took over the troubled automaker when Rick Wagoner was ousted by the Obama administration, is ignoring what's going on with Chrysler LLC in front of a U.S. Bankruptcy Court judge in New York.

"I think it's still possible that we stay out of bankruptcy," Henderson said Monday in an interview with The Associated Press. "Our preference is to accomplish our goals outside of the bankruptcy process. But if we're going to go through one, then we're going to learn from Chrysler's experience."


Share Your Thoughts
Guidelines: We welcome your thoughts, but for the sake of all readers, please refrain from the use of obscenities, personal attacks or racial slurs. All comments are subject to our terms of service and may be removed. Repeat offenders may lose commenting privileges.
Providence Journal - Subscribe Now & Get Our Latest Offer
MOST COMMENTED