GM set to resume UAW talks this week-CEO
WASHINGTON (Reuters) - General Motors GM.N is set to resume negotiations with the United Auto Workers union this week and believes that everything should be on the table, GM Chief Executive Fritz Henderson said on Tuesday.
Henderson, who was speaking to reporters in Washington, said the deal that the union had made with Chrysler on restructuring payments due to a retiree healthcare fund was close to what GM was planning in restructuring its own debt.
Chrysler, which like GM has been operating with emergency funding from the federal government, filed for bankruptcy last week under the direction of U.S. officials and expects to emerge in as little as 60 days.
Henderson, who took the top job at GM just over a month ago, said the goal for any bankruptcy filing by GM would also be to emerge quickly from court protection.
(Reporting by John Crawley; writing by Kevin Krolicki)
© Thomson Reuters 2009 All rights reserved.
Bolton bets on China
Top-performing fund manager Anthony Bolton says he plans to return to managing money next year, with a focus on the increasingly important Chinese market. Full Article

UK
US