Fitch says GM bankruptcy unlikely

Newswire

NEW YORK, Oct 30 (Reuters) - A bankruptcy filing by General Motors Corp is unlikely, though smaller auto suppliers are at risk, a Fitch Ratings analyst said on Thursday. "We frankly don't see it," Fitch analyst Mark Oline said at a conference in answer to questions about whether largest U.S. automaker would need to seek bankruptcy protection. Before allowing GM to file for bankruptcy, the U.S. government would likely step in with an aid package, he said. "What happens in bankruptcy ...

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