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GM currently provides direct employment to over 50,000 people in the EU (Photo: EUobserver)

General Motors seeks EU government bail-outs

American, Detroit-based car manufacturer General Motors has asked EU governments to come to its rescue as the company struggles with a major cash-flow problem that threatens thousands of jobs in Europe.

Speaking at the Geneva motor show on Tuesday (3 March), the company's chief operating officer, Fritz Henderson, said the company could run out of cash supplies by as early as next month, reports the Financial Times.

"We would try to stay alive, but there's no guarantee we could st...

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GM currently provides direct employment to over 50,000 people in the EU (Photo: EUobserver)

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