Suzuki Motor Corp Chief Executive Osamu Suzuki on Wednesday (November 26) said that he believed a Chapter 11 bankruptcy filing by former top shareholder General Motors Corp was "100 percent" impossible.

GM, which once owned 20 percent of Suzuki, sold the last 3 percent back to the Japanese carmaker last week as it scraped around for cash to avoid a bankruptcy filing. The partnership between GM and the Japanese small-car maker goes back 27 years, and still involves more than 10 joint projects including Suzuki's production of Opel brand cars and joint ownership of a factory in Argentina.

Suzuki told reporters at a news conference in Tokyo that the company was absolutely not assuming a scenario in which GM files for Chapter 11.  GM, which is seeking a government bailout, posted a deeper-than-expected loss for the third quarter in early November and warned it would run desperately short of cash by early next year without government support.