Financial Times FT.com

GM at risk of speculation trap

By Bernard Simon in Toronto

Published: May 7 2009 13:12 | Last updated: May 7 2009 17:01

General Motors warned on Thursday that prolonged uncertainty over its financial condition risked creating a vicious circle of shaky consumer confidence and falling production and sales.

”We need to get off the front page of the newspaper every day. We need to get this thing behind us,” Ray Young, the Detroit carmaker’s chief financial officer, said.

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