[lbo-talk] Merrill says GM bankruptcy 'not impossible'

[uvj at vsnl.com]

UPDATE 3-Merrill says GM bankruptcy 'not impossible'
http://uk.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUKN0235635220080702?sp=true

Wed Jul 2, 2008

(Updates share price)

By Soyoung Kim

DETROIT, July 2 (Reuters) - General Motors Corp (GM.N: Quote, Profile,
Research) will need to raise as much as $15 billion in cash to shore up
liquidity and bankruptcy is "not impossible" if the U.S. auto market
continues to slump, Merrill Lynch said on Wednesday.