General Motors Corp. says there is "substantial doubt" about the company's ability to continue as a going concern, according to a regulatory filing today. An independent audit done by GM's accounting firm found "our recurring losses from operations, stockholders' deficit and inability to generate sufficient cash flow to meet our obligations and sustain our operations raise substantial doubt about our ability to continue as a going concern," GM wrote in the filing.
GM signaled last week that it would receive a "going concern" opinion from its auditors.
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