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December 2, 2008 3:43:09 AM CST

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GM Calls for Help

Posted Oct 14, 08 12:07 PM CDT in US,  Business 

(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.

Source Reuters

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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.   (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.   (AP Photo/Jon Super)
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Financial Crisis • bailout • auto industry • General Motors • Detroit • auto sales • US automakers • loan


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