GM's CFO said the company doesn't plan to make a $1 billion debt payment due June 1 and is relying on either a debt-for-equity exchange or court protection.
WSJ.com: What's News US, Wall Street Journal
Wed, 04/22/2009 - 10:27am
GM's CFO said the company doesn't plan to make a $1 billion debt payment due June 1 and is relying on either a debt-for-equity exchange or court protection.