UAW, Bondholder Talks Slow GM's Revamp

(See Correction & Amplification below.)

General Motors Corp. appears to be off to a slow start to meet the mandates of a federal bailout, and its top executive said Monday the company hasn't ruled out a bankruptcy filing.

Speaking at the North American International Auto Show in Detroit, Rick Wagoner, GM's chairman and chief executive, said the company wants to avoid a Chapter 11 filing, but also said its viability is "not 100%" certain at this point.

Among GM's requirements under the federal loan package are cutting labor costs by renegotiating its contract with the United Auto Workers union.

Although ...

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