GM is close to bankruptcy
Due to lack of funds, General Motors and other large companies in the United States are lobbying Congress and hoping to get assistance. It is reported that members of the general board of directors held a conference call, to seek government funding support is the top priority of the company, but they do not rule out the possibility of applying for bankruptcy.
General Motors is expected to sell 1-1.2 million in 2009
General Motors (GM.N: Quote) Asia-Pacific president Nick Reilly said Friday that General Motors expected to be equal in the next six to nine months, but he felt optimistic about long-term growth, as the GM would plan to introduce five kinds of new car into Chinese auto market in future 12 months.
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