Ailing US auto giant General Motors has said it is "prepared" for bankruptcy proceedings if not able to restructure out of court, according to a regulatory filing it made to the Treasury Department.
Read more »GM 'prepared' for possible bankruptcy
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Statement from Michael Moore on Departure of GM CEO Rick Wagoner:
http://www.michaelmoore.com –
"I have never heard of such a thing in all my days: The main representative of the people ordering a corporate chieftain to step down — today! And not just any corporate CEO, but the head of the company that has spent more years at #1 on the Fortune 500 than any other corporation in the world." – Michael Moore
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Auto rescue deal may be unravelling
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Ford joins Chrysler in blasting GM, union for failing to deliver deeper cuts in workforce costs
A deal for concessions to save teetering automakers in Canada may be unraveling.