WRAPUP 3-GM sees bankruptcy risk; Chrysler, Fiat meet

Newswire

* GM CEO says automaker could file for bankruptcy by June * GM shares drop 28 pct; bonds lower on bankruptcy risk * Bondholders at GM brace for reduced debt-exchange offer * S&P cuts Fiat to junk status, may cut again * New GM, Ford incentives target recession-wary shoppers (Recasts; adds detail on bankruptcy planning, GM bondholders) By Kevin Krolicki and Soyoung Kim WASHINGTON/DETROIT, March 31 (Reuters) - General Motors Corp warned on Tuesday there was a rising chance it ...

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