SocraticGadfly: Bankruptcy possible at GM?

December 12, 2004

Bankruptcy possible at GM?

Could GM eventually head into bankruptcy over its unfounded pension liabilities and its ongoing sag in sales, now down to 27 percent of the U.S. market? Bloomberg analyst Doron Levin didn’t make any such explicit statement in his article, but in a follow-up e-mail, he didn’t deny the possibility, saying, “Only time will tell.”

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