Wednesday, October 19, 2005

Denial - It's just not a river in Egypt. It's also a place near Detroit!

-How many other companies have denied bankruptcy before filing?


Wagoner: GM Not Considering Bankruptcy - AP

By DEE-ANN DURBIN

DETROIT - General Motors Corp. isn't considering bankruptcy protection as a way to solve its financial problems, Rick Wagoner, the automaker's chairman and CEO, said Wednesday.

"There are significant costs to bankruptcy, and we don't think it's an option," Wagoner said in an interview with The Associated Press. "Talking about it actually hurts the business." (continued...)

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