Thursday, March 5, 2009

GM Auditors Wary About Auto Firm's Future

The Accountants Are Always The Last To Know

The Washington Post reports on the troubled car makers pre-mortem:
Auditors for General Motors today said there is "substantial doubt" that the struggling automaker will remain financially viable and able to continue operating, raising doubts about whether the company will have to declare bankruptcy or can continue to qualify for Treasury Department loans.
The auditors may be confused, but the customers seem to have already decided.

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