Goodbye, GM – Michael Moore

I write this on the morning of the end of the once-mighty General Motors. By high noon, the President of the United States will have made it official: General Motors, as we know it, has been totaled.

The GM bankruptcy

General Motors – once the largest and most profitable corporation in the world—will file for bankruptcy protection in a New York City court this morning. The collapse of the 101-year-old Detroit automaker is the largest industrial failure and third largest bankruptcy in US history.

MSM: GM to cut 21,000 US factory jobs, shed Pontiac

General Motors Corp. could be majority owned by the federal government under a massive restructuring plan laid out Monday that will cut 21,000 U.S. factory jobs by next year and phase out the storied Pontiac brand.