GM End Of Year Financials

Wally · 30-03-2010, 11:35 PM

This should be interesting when it happens.

Quote:

From Beacon Journal wire services

General Motors Co. said it can't file an annual financial report by Wednesday, while working to finish valuing assets after emerging from bankruptcy last year.

A report on 2009 results will be completed within 15 days, spokeswoman Renee Rashid-Merem said. The annual data will be in what is called Form 10-K and filed with the U.S. Securities and Exchange Commission. Detroit-based GM disclosed the delay in an SEC filing.

''I don't think it raises a concern,'' said Dennis Virag, president of Automotive Consulting Group Inc. in Ann Arbor, Mich. ''I would think it's just some details they need to get through. I expect they will get to it very soon.''

General Motors Co. left a government-backed restructuring on July 10 after predecessor company General Motors Corp. filed for Chapter 11 bankruptcy protection on June 1. Chief Executive Ed Whitacre has said he hopes the automaker can post a 2010 profit.