Jump to content
CaddyInfo Cadillac Forum

Continue to Negotiate, but Prep for Bankruptsy

Bruce Nunnally

Recommended Posts

Mr. Henderson said G.M. was essentially operating on two tracks — it is developing a restructuring plan that it expects to make public as soon as this month while simultaneously readying itself for a potential bankruptcy filing. G.M. executives and directors along with officials from the Treasury Department will jointly determine whether G.M. ultimately must file for bankruptcy, he said.

“Our preference remains to accomplish this outside of bankruptcy. We have until June 1,” said Mr. Henderson, who succeeded Rick Wagoner in late March. “If we can’t accomplish it outside of bankruptcy by June 1, we would do it inside of a bankruptcy.”



2023 Cadillac CT4-V Blackwing

Follow me on: Twitter Instagram Youtube

Link to comment
Share on other sites


This topic is now archived and is closed to further replies.

  • Recently Browsing   0 members

    • No registered users viewing this page.
  • Create New...