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June 1st, 2009
12:39 PM ET

The rise and fall of General Motors

[cnn-photo-caption image=http://i2.cdn.turner.com/money/galleries/2009/autos/0905/gallery.gm_problem_cars/images/chevy_corvair.jpg]

CNN

American automaker giant General Motors filed for bankruptcy protection Monday, June 1, and it is expected to cut thousands of jobs and close several plants by the end of 2010.

Click through for a brief history of the nation's largest automaker.


Filed under: 360° Radar • Economy
soundoff (3 Responses)
  1. SLM

    It's a sad ending to an era, but it should have been allowed to die naturally. You can't keep a failing company on life support. The Government has no business spending tax payer dollars to try and save a sinking ship. No doubt Obama will be adding this to his list of jobs "saved".

    June 1, 2009 at 2:20 pm |
  2. Jenn

    It's not that Americans arn't good enough but they cost more to employ than the Mexicans I'm sure. In this rough economy, GM needs to penny pinch and do whatever it takes to run most cost effectively. It sucks but that's what they need to do to keep the business afloat, it's reality.

    June 1, 2009 at 1:52 pm |
  3. Keena

    Hold on… WAIT!! Did I just hear that no jobs in Mexico or anywhere else will be lost?? GM…. Giving to Mexico????? We own 60% of the company??? We are paying for everyone else to be employed. You still want us to buy GM vehicles? So what I understand is that Americans are no longer good enough to be employed with the company?!?! Please help me understand!

    June 1, 2009 at 12:41 pm |