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

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

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.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now