General Motors Corp
GM posted a deeper-than-expected quarterly loss as revenue plunged by more than a third. The automaker also warned its pension plans for hourly and salaried workers were underfunded by about $12.4 billion as of the end of 2008.
GM said it could receive a going concern notice from auditors, who will assess the risk that the automaker might not be able to continue as a going concern.
The company, which has been kept afloat with emergency loans from the U.S. government since the start of the year, posted a net loss of $30.9 billion for 2008.
That ranked as the second largest annual loss for the 100-year-old automaker on record behind only the $38.7 billion loss recorded for 2007.
(Reporting by Kevin Krolicki and David Bailey; Editing by Derek Caney)