DDay for GM – GM files chapter 11 bankruptcy | Welcome to Government Motors

I’m only 36, so I wasn’t around in the early days of GM, or the 40s, or the 50s, but come Monday Morning when General Motors files for Chapter 11 bankruptcy, it will be one of the saddest day in this country’s history. Wall Street journal has more on GM’s filing for Chapter 11 bankruptcy

The question now facing 56,000 auto workers, 3,600 GM dealers and the Obama administration: Will it work?

The government, which will own a majority of the company, is wagering upwards of $30 billion that it can return GM to profitability, reversing a decades-long decline by shearing away liabilities and creating a freshly competitive car maker by summer’s end.

And heres a new ad for Government Motors:

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May 31, 2009 · Filed Under Government Motors


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