All options on table for General Motors
Sunday, 23 November 2008
NEW YORK, Nov 22 (AFP): Members of General Motors' board of directors are willing to consider "all options" for the ailing auto maker, including filing for bankruptcy protection, The Wall Street Journal reported on its website late yesterday.
Citing unnamed people familiar with the matter, the newspaper said this position puts the board members in rare disagreement with GM Chairman and Chief Executive Officer Rick Wagoner.
Wagoner told Congress this week that GM management believes bankruptcy is not a viable option for the company.
Citing unnamed people familiar with the matter, the newspaper said this position puts the board members in rare disagreement with GM Chairman and Chief Executive Officer Rick Wagoner.
Wagoner told Congress this week that GM management believes bankruptcy is not a viable option for the company.