As Expected, General Motors (GM) Files For Bankruptcy Protection Under Chapter 11. Watch News Video.

The Unions agree with bankruptcy. I guess they really did not have any choice but to go along with bankruptcy. Watch more news video:



Guess who is the 31 year old entrusted with dismantling GM?

Check it out here.

If you own GM stock, and you are not a bond holder, I'm sorry for your loss.

Update: Bowling Green's GM Corvette plant has been spared the ax, as GM shutters many others.

Read more here.

Update, 6/2: here's a cartoon to enjoy: