What may very well be the inevitable is upon GM and the company is finally acknowledging it. GM is preparing itself for bankruptcy.
According to Reuters, GM is currently conducting an "intense" and "earnest" effort to prepare for the possibility of a bankruptcy filing. Sources close to the troubled Detroit automaker report that GM is considering splitting the company in two, with a "new" GM made up of its more successful brands and operations, while an "old" company consisting of its unprofitable units is splintered off.
