GM May Get Extension To Submit Restructuring Plan

General Motors Corp. (NYSE: GM) may get a 30-day extension past its March 31 deadline to submit a restructuring plan to the federal government, according to a Wall Street Journal report. Meanwhile, its Germany-based Opel unit posted a 60% surge in first quarter sales due to a government incentive program to scrap cars that are at least 9 years old. Shares of the automaker rose 37 cents to $3.78.