Reuters Summit-NYU's Altman sees 50-55 pct chance of GM default

Newswire

(For other news from the Reuters Restructuring Summit, click on http://www.reuters.com/summit/Restructuring08?pid=500) By Dena Aubin NEW YORK, Sept 26 (Reuters) - General Motors Corp , bruised by multi-billion dollar losses, has a 50 percent to 55 percent chance of defaulting on its debt over the next five years, default expert Edward Altman told the Reuters 2008 Restructuring Summit this week. A bankruptcy filing may be the best option for GM to protect its assets and further reduce ...

Premium Content (PAID Subscription Required)

"Reuters Summit-NYU's Altman sees 50-55 pct chance of GM default" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×