GM Gets Defensive On Blog After Viability Doubts Raised |
CNNMoney.com - Mar 6, 2009 |
General Motors Corp. (GM), in response to its auditors casting doubt on its viability plan, said on its corporate blog that it still believes its restructuring will lead to long-term success.
GM's continuing losses and inability to generate cash for continued operations led auditors from Deloitte and Touche to determine there was substantial doubt that the company can survive. GM admitted many factors contribute to its uncertain future, many of which are out of its control, but maintained its vision for long-term prosperity.
Read Full Article from CNNMoney.com
- Posted: 2009-03-06 08:37:50
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