In a rare interview with select journalists, GM CEO Rick Wagoner again emphasized that his company had no plans to file for bankruptcy protection, reports the New York Times. (And there may be a good reason for Wagoner’s position — a recent study showed most consumers would not buy a car from a bankrupt automaker.) He also would not say whether the automaker’s North American operations would return to profitability soon. Wagoner said he anticipates that stronger sales of new vehicles combined with the company’s restructuring should begin to bolster G.M.’s financial results early this year. “That is my hope, the first quarter,” Mr. Wagoner said. He added the prediction had to carry “an asterisk” because it did not include any charges GM might take for restructuring.
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