As widely predicted and telegraphed, the once unthinkable finally became reality today. GM Files Bankruptcy to Spin Off More Competitive Firm General Motors Corp., the largest manufacturer to go bankrupt, filed for court protection with a government-financed plan intended to create a viable company that can compete in world markets. The U.S. government will extend [...]
Filed under: Blog Entry | Tagged: Auto Bailout, Bankruptcy, Barack Obama, Brian Deese, Chapter 11 Bankruptcy, Economy, Fritz Henderson, General Motors, GM, IBD Editorials, Judge Robert Gerber, Stock Market, UAW, United Auto Workers | Leave a Comment »
