In annual report, GM considers bankruptcy

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Auditors for automaker General Motors are raising "substantial doubt" about whether the company will be able to continue operations. They say the company may need to file for bankruptcy protection if it can’t work out a successful restructuring plan in the face of mounting losses and huge debts. This news comes from the annual report GM filed with the SEC today. For what this means for Detroit, the nation, and the car industry, we turn to Jerome Vaughan, our friend and news director at WDET in Detroit.