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This is a discussion on Automotive History! within the News and Announcements forums, part of the Website News and Announcements category; GM to Declare Bankruptcy Judge Approves Chrysler Sale to Fiat General Motors files for bankruptcy protection (link to full story) ...
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#1
06-02-2009, 08:53 AM
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Automotive History!
GM to Declare Bankruptcy Judge Approves Chrysler Sale to Fiat  General Motors files for bankruptcy protection (link to full story) General Motors Corp., the century-old automaker battered by the economic downturn, mounting debt and management problems, filed for bankruptcy protection Monday morning. GM’s filing came officially at 8 a.m. ET. Its filing marks the largest industrial bankruptcy in U.S. history and the fourth-largest overall and comes as smaller rival Chrysler appears ready to make a speedy exit from its own court proceedings. Judge OKs sale of most Chrysler assets to Fiat (link to full story) A federal bankruptcy judge late Sunday approved the sale of most of Chrysler's assets to Italy's Fiat, moving the American automaker a step closer to its goal of a quick exit from court protection. 
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