Auditors cite `substantial doubt` about GM`s survival

General Motors warned it could be liquidated through bankruptcy after its auditors voiced "substantial doubt" about the struggling automaker`s ability to stay afloat in an annual report released Thursday. GM is currently funding its operations with 13.4 billion dollars in emergency loans from the US government and said last month it will need an additional 22.6 billion in government aid if it is to survive a collapse of global auto sales amid a deepening recession. The US Treasury has not yet announced whether it would grant GM the additional loans and is reportedly considering whether the automaker should be restructured under bankruptcy protection.