DETROIT -- General Motors said on Wednesday it is seeking more time from U.S. regulators to file reports on some employee savings plans, including the stock purchase program for salaried employees and the personal savings plan for hourly workers.
The world's largest automaker said in a filing with the Securities and Exchange Commission that it was unable to file the annual Form 11-K for 2004 within the required time "due to unforeseen delays in the collection and review of information and completion of drafting necessary responses to items required" in the report.
Form 11-K is an annual report of employee stock purchase, savings and similar plans.
A call to a GM spokeswoman was not immediately returned.
GM, which reported a $1.1 billion first-quarter loss and withdrew its full-year earnings forecast, is currently in talks with the United Auto Workers union to cut costs.
The UAW, which represents hourly GM workers in the United States, has said it is willing to work with the automaker to reduce employee health-care expenses, but has ruled out opening its current labor contract before it expires in September 2007 to make any broad changes.