Posted by: Thomas Gillick
by:AFP
WASHINGTON (AFP) – Ailing US automaker General Motors, asked by the White House to produce a more aggressive restructuring plan for further state aid, said Monday that it was not ruling out bankruptcy as an option.
"Our strong preference is to complete this restructuring out of court," GM said in a statement after the White House pressed the company for "more aggressive" restructuring to qualify for more state aid.
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