GM's Wagoner says company on "sound financial footing"

Newswire

NEW YORK, Nov 21 (Reuters) - General Motors Co. Chief Executive Rick Wagoner said on Monday his company is on "very sound financial footing," but declined to comment on whether the automaker will return to profitability next year. Wagoner said talk of a possible GM bankruptcy was "frustrating." "If you look at our liquidity structure, we're on very sound financial footing," Wagoner said at a news conference after announcing the company's turnaround plan. Wagoner also said he was "not ...

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