GM Calls for Help

Firm reiterates urge for government assistance
By Nick McMaster,  Newser Staff
Posted Oct 14, 2008 12:07 PM CDT
General Motors Chairman and Chief Executive Rick Wagoner addresses union workers at the site of a new engine plant in Flint, Mich., Thursday, Sept. 25, 2008.   (AP Photo/Carlos Osorio)
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(Newser) – General Motors is not thinking of filing for bankruptcy, Reuters reports. Instead, an exec said, "There is a strong need for coordinated federal action" to weather the economic crisis as US auto sales slide. Filing for bankruptcy "would not benefit our customers, our dealers, or our employees," she noted.