General Motors is in “intense” and “earnest” preparations for a possible bankruptcy filing, a news agency source familiar with the matter has said.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


Another source said a plan to split the automaker into ‘new’ and ‘old’ companies, with the new one consisting of the most successful units, is now seen as the best option for the future.


New GM CEO Fritz Henderson has said the company would prefer to restructure out of court but would go before a judge if needed.


GM declined to comment on the report.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Neonode has won the Innovation Award for Driver Monitoring Software for its camera-based, MultiSensing®-powered solution that delivers precise hands-on-wheel detection, regulatory-ready safety performance and low-footprint integration. Discover how Neonode is redefining driver monitoring, UX and compliance for next-generation semi-autonomous vehicles.

Discover the Impact