GM's Bankruptcy: The Plan and the Fallout

  Government, Politics and the Economy GM Bankruptcy: A Bid to Regain Profits with $50 Billion US Aid General Motors Corp., for 77 years the world’s largest carmaker, filed for bankruptcy protection in the US. The plan? To create a 21st-century company that can compete in world markets. GM Bankruptcy: The Effects Will be Felt Far and Wide The turmoil and uncertainty caused by the bankruptcies of GM and Chrysler will be felt far outside Detroit, in the dealerships and suppliers who are bracing for hard times to come. [Read Full Article]