GM to file for Chapter 11 protection

If this email is not displayed correctly, please click on the following link or open your browser and paste the link into the address field: http://view.ed4.net/v/QM42II/QX65K/K2AQMH/J9BL2/   Breaking news Sunday May 31 2009 Breaking News   GM to file for Chapter 11 protection General Motors will file for Chapter 11 bankruptcy protection in New York on Monday in a humiliating fall from grace for a symbol of America's industrial might and the world's biggest carmaker for much of the 20th century. Prior to the filing, which will mark the largest bankruptcy in history of an industrial business, US President Barack Obama and Fritz Henderson, GM's chief executive, will seek to reassure workers, suppliers, dealers and car buyers that a leaner, reinvigorated GM will emerge from a court-supervised restructuring. GM employs 230,000 people around the world, building more than 20,000 vehicles a day. GM will say that it aims to emerge from Chapter 11 by August 1, shorn of much of its debt, four of its eight brands, and surplus plants and dealers. http://link.ft.com/r/QM42II/CG1PY/HETUC/MAMF7/EOF8T/GX/h Tools Your account    Portfolio Email Briefings    Price alerts Keyword alerts    RSS feeds © THE FINANCIAL TIMES LTD 2009 ABOUT THIS EMAIL You have received this email because you have signed up for this keyword/company alert on FT.com Change Briefings  •   Unsubscribe  •   Change Email Address  •   Forward this email to a friend  •   Privacy Policy  •   About Us  •   Help The Financial Times Limited, registered in England and Wales number 227590. Registered office: Number One Southwark Bridge, London SE1 9HL. VAT number GB 278 5371 21.