| | | | Breaking news Monday June 01 2009 | | GM files for Chapter 11 protection | General Motors filed for Chapter 11 bankruptcy protection in New York on Monday morning 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. Over the next few hours, President Barack Obama and GM's chief executive Fritz Henderson will seek to reassure workers, suppliers, dealers and car buyers that a leaner, reinvigorated GM will emerge quickly from a court-supervised restructuring. http://link.ft.com/r/BLH300/O5Z0C/CX3RG/L2M68/WQMXR/VU/h | | | © THE FINANCIAL TIMES LTD 2009 | 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. | |
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