General Motors Files for Bankruptcy

Date: June 1, 2009 • Location: Washington, United States

General Motors files for Chapter 11 bankruptcy. It is the fourth largest United States bankruptcy in history.

General Motors Company (GM) is an American multinational automotive manufacturing company headquartered in Detroit, Michigan, United States. The company is most known for owning and manufacturing four automobile brands: Chevrolet, Buick, GMC, and Cadillac, each a separate division of GM. By total sales, it has continuously been the largest automaker in the United States, and was the largest in the world for 77 years before losing the title to Toyota in 2008.