DETROIT (AP) -- Michigan's governor says talk about General Motors Corp. declaring bankruptcy "is unhealthy" but says such a filing is something the state "can live with" if it strengthens the automaker.
Jennifer Granholm said Monday bankruptcy isn't something she wants to see for Detroit-based GM or Auburn Hills-based Chrysler LLC.
Granholm tells the Detroit Free Press she wants bond holders begin to bargain in good faith with the automakers before any filing.
She says a pre-bankruptcy agreement "is going to be better than the haircut" the bondholders are "going to have to take otherwise."