GM says bankruptcy sale delay would kill suppliers

Newswire

DETROIT, June 25 (Reuters) - General Motors Corp needs to exit from bankruptcy quickly in order to avoid a "fatal" blow to many of its suppliers and the loss of thousands of jobs, Chief Executive Fritz Henderson said in a court filing on Thursday. "Many of GM's suppliers are already in the midst of a severe liquidity crisis, which has only been exacerbated by the current shutdown of certain GM production facilities," Henderson said. GM has shut 13 of its U.S. assembly plants for up to 11 ...

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