New GM CEO: Bankruptcy Still Possible

GETTY
In his first day on the job, Fritz Henderson tells reporters there’s a risk the company will have to reorganize through bankruptcy.

Says it’s an option because of Obama administration demands to get debt off their balance sheet.

And/But: Says he’s “encouraged” by president’s auto plan, knows government support mechanisms will be there either way.

Related Topics: News, The Page

Post a Comment

You must be logged in to post a comment.

  • Tweets

    View More Tweets From @TIME

Your browser, Internet Explorer 8 or below, is out of date. It has known security flaws and may not display all features of this and other websites.

Learn how to update your browser