AFSCME 3357-HOF'S BLOG

GM May Ask for Extension to File Annual Report

Rumors that GM may take over Chrysler are flying, and they are largely overshadowing the fact that General Motors has not yet filed its 10k annual report. The latest news reports that GM may ask for a short extension of time to file, bringing the deadline from March 1 to March 16. The same news story reports that GM's figures will include restatements to past year's reports that cumulatively bring GM's retained earnings up by $700 million. This may or may not be significant depending upon GM's other disclosure when the report is issued.