On June 1, 2009, General Motors filed for Chapter 11 backruptcy proceedings and is today majority owned by the United States Treasury and the Canadian government. The US government invested $57.6 billion under the Troubled Asset Relief Program to save GM and prevent the unemployment that would have followed from a GM collapse. General Motors figured heavily in the news during the spring and summer of 2009, but how did this company grow into the giant that it is today? Continue reading “General motors and its brands”
Aug 16 2009
General Motors Show Off New Car Lineup
The giant of the motoring industry, General Motors, who own brands like Chevrolet, GMC, Cadillac, Pontiac and Buick, have reveasleda line-up of new car £. Only last month General Motors recovered from 40 days of bankruptcy where the US Government invested $50 billion into the company, of which is now 60% owned by the taxpayers.
Now that General Motors have managed to get out of their bankruptcy rut, they are starting to look to the future and see how they can change. Continue reading “General Motors Show Off New Car Lineup”