The new chief executive of GM insists it is not inevitable the company will fall into bankruptcy.
Fritz Henderson, who became chief executive at GM a week ago when Rick Wagoner was removed by President Obama's auto task force, said: "Bankruptcy is not inevitable."
Henderson has been charged by the government with winning more concessions from bondholders and unionised workers - and GM's chances of further bailouts depend on the success of his negotiations.
He has been given 60 days to make progress, and has already said there will be more job cuts and plant closures. More than 400,000 jobs have already been cut from the US car industry over the past year.
"We are planning to get the job done. Our preference would be to do it outside of the bankruptcy process," Henderson said. "If it cannot be done outside a bankruptcy process, it will be done within it."
David Axelrod, a senior adviser to President Obama, said the goal was to make GM and Chrysler viable.