"Today it’s more probable that we would need to resort to a bankruptcy process. But there’s...

|By:, SA News Editor

"Today it’s more probable that we would need to resort to a bankruptcy process. But there’s still a possibility and an opportunity for it to be done outside of a bankruptcy," GM's Fritz Henderson says. Bondholders were offered 10% of the firm in return for their $27B, but they refused, saying the stake was too small. GM -6.8% to $1.51.