Reuters Summit-Ross says timing of GM drawdown raises questions

Newswire

(For other news from the Reuters Restructuring Summit, click on http://www.reuters.com/summit/Restructuring08?pid=500) NEW YORK, Sept 22 (Reuters) - Turnaround specialist Wilbur Ross said on Monday that General Motors Corp's plans to tap the remaining $3.9 billion of its secured credit line raises questions about the automaker's quarterly results and that a sector bailout could help ease problems on Main Street. Last week, GM said that it would draw down the facility in order to maintain ...

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