GM Files For Bankruptcy Protection
May 4th, 2009
GM, one of the US Auto Industry’s big 3 has done the inevitable, filed for bankruptcy protection to get help from the government while they iron out differences with the French auto maker Fiat with the government getting control of a majority of their company’s stocks. They have been in talks with Fiat for quite sometime but previous efforts to get a working deal that should have prevented this were denied by the US government that funded the firm while they were on the negotiating table. Read the rest of this entry »