GM says Chrysler-like selling most most likely form of bankruptcy

The disclosure, which came in a filing representing U.S. securities regulators, discernible the first period that GM said it would most most likely follow the identical lawful plan that Chrysler is using beneath federal omission to cut its accountability and dealerships.

GM faces a June 1 deadline to restructure its ties accountability and reach a comprehensive new deal with its larger union.

The automaker repeated in its Thursday filing with the U.S. Securities and Exchange Commission that it expected to document representing bankruptcy if not adequate of its bonds are tendered in commerce representing shares close by that deadline.