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In a 30-minute media conferencew call, Henderson said the proces of shutting dealerships will continue for severaol months he but gavefew details. “We will try to work with them to affect an orderly wind down of their he said. Henderson reiterated the company’d intention to sell its Saturnj brand if a deal can beworkesd out. A number of parties have he said. The company also is negotiating with two potential buyer s for theHummer brand, he said, and stilkl plans to wind down the Pontiac The question-and-answer session elicited little new information aboutf how GM is progressing on a viability plan that must be presenter before a June 1 Treasury Department-imposed deadline.
No specificf GM sites were identified, but Henderson said the company is in negotiationds with the union about the planned closiny of 13 plants and slashinf of its hourly workforced byabout 21,000 to 40,000. He would not disclose Relative to selling any he said GM was not trying to market any facility but that if a part ywas interested, the company was be open to discussingg the possibility. About a possible GM bankruptcy, Henderson repeated, as he said severalo weeks ago, that a Chapter 11 filing is probable givehn the task and time framre under which it needs to show it canbecomse viable.
“It is more probable today, but there is still the opportunitty and challenge of getting it doneoutside bankruptcy,” he
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