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GM Files for Bankruptcy Protection
Jun 03, 2009 - 12:38 AM - by badasscobalt
General Motors files for bankruptcy protection

By DAN STRUMPF and KIMBERLY S. JOHNSON, AP Auto Writers Dan Strumpf And Kimberly S. Johnson, Ap Auto Writers
Mon Jun 1, 7:11 pm ET

NEW YORK – General Motors filed for Chapter 11 bankruptcy protection Monday as part of the Obama administration's plan to shrink the automaker to a sustainable size and give a majority ownership stake to the federal government.

GM's bankruptcy filing is the fourth-largest in U.S. history and the largest for an industrial company. The company said it has $172.81 billion in debt and $82.29 billion in assets.

"The General Motors board of directors authorized the filing of a Chapter 11... [Read More]
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» Current Poll
Where should I put my cobaltcoupe.net decal ?
above other sites decal - 33.33%
1 Vote
above other sites decal at an angle - 33.33%
1 Vote
center rear window - 0%
0 Votes
above vin number on front windshield - 33.33%
1 Vote
side of front windshield - 0%
0 Votes
under hood with the other decals - 0%
0 Votes
under hood on grill - 0%
0 Votes
on rear window and 1 on the gas strut for hood - 0%
0 Votes
Total Votes: 3
You may not vote on this poll.
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