Fritz Henderson, General Motors' new CEO, says the company may have to close more than the five plants it has already proposed cutting in order to come up with a turnaround plan to satisfy the White House. Henderson took over the troubled car maker Monday after President Obama rejected GM's turnaround plan. GM is seeking $13.4 billion more in assistance from the federal government, but the government says it wants a plan that will can lead to a revival of GM and not just one that will suck money down the drain. “We need to reinvent General Motors and we need to do it in a very, very abbreviated time period … so that we’re not spending our time careening from crisis to crisis,� Henderson said in a press conference, according to the Detroit Free Press. He also added that bankruptcy is "certainly more probable."