GM CEO to host another restructuring update Monday
By Shawn Langlois
Last update: 4:17 p.m. EDT May 8, 2009
SAN FRANCISCO (MarketWatch) -- General Motors Corp. 4:00pm 05/08/2009
GM 1.61, -0.01, -0.6%) said Friday that CEO Fritz Henderson will hold a conference call Monday to update the media on the automaker's progress in its restructuring efforts ahead of a June 1 deadline. The call will mark the second such update since Henderson took over the top job from Rick Wagoner in March. The U.S. government gave GM until the end of the month to reach concessions with bondholders and the United Auto Workers union to avoid a bankruptcy filing.
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