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GM Calls for Help

Firm reiterates urge for government assistance

By Nick McMaster,  Newser Staff

Posted Oct 14, 2008 12:07 PM CDT

(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.

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.
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)
General Motors CEO Rick Wagoner talks after an event announcing the production of the new Chevrolet Cruze at the Lordstown Assembly Plant Thursday Aug. 21, 2008.
General Motors CEO Rick Wagoner talks after an event announcing the production of the new Chevrolet Cruze at the Lordstown Assembly Plant Thursday Aug. 21, 2008.   (AP Photo/Ron Schwane)
New Vauxhall cars are seen at a distribution center at the company's  factory at Ellesmere Port  England, Monday Oct. 13, 2008.
New Vauxhall cars are seen at a distribution center at the company's factory at Ellesmere Port England, Monday Oct. 13, 2008.   (AP Photo/Jon Super)
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