A Risky Bankruptcy Looms for GM

The chance that General Motors (GM) ends up in bankruptcy to fix its problems appears more likely, people close to the company's plans said on Apr. 7. GM would like to avoid going to bankruptcy court, but the company is making preparations to file for protection. One of its biggest tasks before any filing is cutting a new deal with the United Auto Workers on health-care liabilities, these people say.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.