GM board hired advisers to consider bankruptcy

By Guest Column —— Bio and Archives December 12, 2008

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DETROIT (Reuters) - General Motors Corp hired outside advisers to weigh bankruptcy, but the board determined that a filing was not an option for the struggling automaker, a GM spokesman said on Thursday.

"We said all along that the board had considered bankruptcy and had concluded it was not a viable option," GM spokesman Tony Cervone said. "The board continues to meet frequently and to weigh all options and has retained appropriate advisers for all contingencies." More...