Tags: US | GM | Annual | Report

GM to Miss Report Deadline Due to Accounting Issues

Monday, 29 Mar 2010 03:10 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

General Motors Co. said that it will be late in filing its 2009 annual report as it works through accounting matters related to its bankruptcy reorganization last year.

GM said Monday in a filing with the U.S. Securities and Exchange Commission that it will not meet a March 31 deadline to file its 2009 10-K with the regulatory agency.

The automaker says it is still finalizing its fresh start adjustments after the company went through Chapter 11 bankruptcy last year.

GM says it is working to determine the fair value of the assets and liabilities of the "new" GM that emerged from bankruptcy in June, a task it said was made difficult by the sheer size of the largest U.S. auto company.

A GM spokeswoman says the company expects to make the filing during a 15-day extension after the deadline.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Tom DeLay: Obama Is a 'Muslim Sympathizer'

Tuesday, 02 Sep 2014 17:23 PM

The reason for President Barack Obama's lackluster response to rising terrorist threats against the United States is tha . . .

Harvard Study: Marijuana Is Addictive Drug

Tuesday, 02 Sep 2014 17:06 PM

Many people believe that marijuana is not addictive, but a new study challenges that theory. . . .

Stocks Slip From All-time High as Energy Producers Stumble

Tuesday, 02 Sep 2014 17:02 PM

U.S. stocks fell, after the Standard & Poor’s 500 Index had its best month since February, as energy producers sank with . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved