6/1/2009
Another piece of history was made today, as General Motors filed for bankruptcy protection.
Following Chrysler's bankruptcy filing on April 30, GM's filing
is the fourth-largest in U.S. history and the largest for an industrial
company. The largest automaker in the U.S. has been in financial
trouble, since the global economy tumbled. The company has $172.81
billion in debt and $82.29
billion in assets at the moment.
"The General Motors board
of directors authorized the filing of a...
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