New GM boss softens opposition to bankruptcy

DETROIT – General Motors Corp. is softening its opposition to bankruptcy reorganization a little more. “If it’s required, that’s what we’ll do,” new chief executive Fritz Henderson said. GM still prefers to avoid bankruptcy protection while restructuring, Henderson said in an interview broadcast Sunday. President Barack Obama and his auto industry task force indicated that bankruptcy protection “may very well be the best solution for the company to achieve these goals,” Henderson told CNN’s “State of the Union.”advertisement | That is why, he said, “when you look at the situation, we said, ‘OK, we’ll spend the time to…

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