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”