Tom Sweeney

It's a coming of age tale….

GM files for Bankruptcy

Posted by sweens on June 1, 2009


General Motors began the process of filing for Chapter 11 bankruptcy protection today in New York.  While the automotive giant is optimistic that the Canadian unit may be able to avoid seeking bankruptcy protection, the president of the Canadian Auto Workers Union said he would be ‘incredibly surprised’ if all GM plants managed to stay open.

 

Please read the whole article at:
http://ca.news.yahoo.com/s/capress/090601/business/gm_lewenza

 

 

The Canadian Broadcasting Corporation is also reporting that 14 GM plants are scheduled to be closed.  

Please read the whole article at:
http://www.cbc.ca/money/story/2009/06/01/gm-bankrutcy-filing.html

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