Noble International, Ltd. (fka NOBLQ)

[Techsource]

GM NO BANCRUPCY BLOOMBERG MADE MISTAKE

http://www.reuters.com/article/marketsNews/idINWEN672020090401?rpc=44

WASHINGTON, March 31 (Reuters) - President Barack Obama's
thinking on the crisis facing General Motors Corp (GM.N) has
not changed since Monday, a senior administration official told
Reuters on Tuesday. "Nothing has changed on this," the official said when asked
about a Bloomberg report that the president has determined that
a prepackaged bankruptcy is the best way for GM to restructure
and become competitive. "This report is not accurate." The White House wants the 60-day period for GM and a 30-day
period for Chrysler [CCMLPD.UL] to play out, as announced by
the president on Monday, the official said, speaking on
condition of anonymity.
(Reporting by Jeff Mason; editing by Mohammad Zargham)