GM (GM) Said Bankruptcy Protection is Not an Option
More News related to GM
- GM (GM), Ford (F) Shares Dip Well Into Negative Territory
- GM de Mexico Announces Grace Lieblein as President and Managing Director
- General Motors' (GM) Stock Taking A Hit
- Active Equity option families in first 30-minutes of Trading: GE F GS GM C
- Morning Movers 12/01: Mentor (MNT) Up On J&J Buyout, Oil Services Down Down Merrill Downgrade (SLB, BJS, BHI, more...)
More News related to Corporate News
- GM (GM), Ford (F) Shares Dip Well Into Negative Territory
- M&T Bank (MTB) and Visa (V) Renew Brand Partnership Agreement
- John Wiley & Sons (JW.A) Announces New Licensing Agreement with Meredith Corp (MDP)
- First Solar (FSLR) Completes Installation of 2MW Power Plant for Southern California Edison
- Thor Industries (THO) Halted, News Pending
After dropping 31% yesterday, to levels not seen since 1950, General Motors (NYSE: GM) issued a statement saying bankruptcy protection is not an option it is considering.
According to a Reuters report, GM said, ""Clearly we face unprecedented challenges related to uncertainty in the financial markets globally and weakening economic fundamentals in many key markets." The also said, "But bankruptcy protection is not an option GM is considering. Bankruptcy would not be in the interests of our employees, stockholders, suppliers or customers."
Related Categories
Corporate NewsHot List
Insiders' Blog
Rumors
Trader Talk
Stocks Mentioned
-0.54Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
