Originally Posted by
tim wallick
NEW YORK, April 17 (Reuters) - General Motors Corp (GM.N) bondholders are willing to make "deep concessions," provided GM can produce a viable business plan and get equal concessions from other stakeholders, a source familiar with the committee's plans said on Friday.
A person close to the 10-member GM bondholder committee said there have been no substantive talks with GM for more than three weeks.
GM's chief executive on Friday said there has been an "open dialogue" with bondholders who need to make deeper concessions. (Reporting by Walden Siew)