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GM Declares Bankruptcy

reviewed by Molfan

"WASHINGTON (AP) — President Barack Obama pushed a humbled General Motors Corp. into bankruptcy on Monday and said the federal government will act as "reluctant shareholder" ...
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Molfan
07/04/2009

GM Declares Bankruptcy 4

in my town where there are GM factories that over the years have made, oldsmobiles, chevys. etc. this has been big. our city is a pretty big one for factories, Over the years we had Oldsmobile, Fisher body. motor wheel. to name a few. all having to do with cars. two are gone. the gm plant that no longer makes Oldsmobiles have gone through huge layoffs.when the GM employees lose their jobs other businesses that had relied on them as customers near the factories close down. a real domino effect. things are very Bad in Michigan and other states that manufactured GM cars. so yes very significant on many levels. Michigan and other states are hurting big time because of this...

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By the Numbers