Battered Automaker Emerges From Bankruptcy Smaller, More Focused
General Motors is out of bankruptcy but it might take another two years for the troubled automaker to even begin to think about turning a profit.
After the automaker emerged from Chapter 11 protection today, CEO Fritz Henderson told ABC News that he expects the company by 2011 to "get ourselves to a situation where we are no longer bleeding cash or where we are basically at least cash flow neutral if not cash flow positive. We think we can accomplish that."
General Motors must get it right... Full Story
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