Rating agency Standard & Poor’s on Tuesday said it expected General Motors to swing to profitability in 2006, reports Reuters. However, the organization said a bankruptcy filing was a risk if financial performance at the world’s largest automaker does not improve. “We think there could be some improvement in (2006),” S&P credit analyst Bob Schulz said on a conference call to discuss a special report the financial information company issued on the outlook for the auto industry. “But if there is not and things were to continue along relative to the financial performance of ’05, then the company could ultimately reach the point where they choose to restructure,” Schulz said. GM lost $8.6 billion in 2005.
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