GM has filed for bankruptcy. And a new General Motor shall emerge after getting more support from taxpayers. I am not a big fan of President Obama bailout of GM. General Motor has ripped out its workers and has make the union weak in supporting these workers.
The City of Fort Wayne and Allen Count has throw tax dollars to keep GM big shots happy in the City. Elven going so far as giving part of Hershey company abatement's to GM. The top cat reaped the rewards and were so greed they went after the profits of the stockholders.
Now the stockholders are experiencing what the workers have felt for years. General Motors tried to buy up all their competitors and overcharge the conusmers. Change was not what General Motors was prepared for. Now they are positioning themselves for foreign companies to buy them out. The American car is a thing of the past because of General Motor greed.
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