Month: June 2009

As expected, General Motors filed for Chapter 11 bankruptcy protection this morning in New York. The 100 year old company lists $82 billion in assets and $172 billion in debts. On the positive side, the Corvette plant in Bowling Green was not on the list of the 14 plants that General Motors will close as part of the bankruptcy reorganization. [More]

As expected, General Motors filed for Chapter 11 bankruptcy protection this morning in New York. The 100 year old company lists $82 billion in assets and $172 billion in debts. On the positive side, the Corvette plant in Bowling Green was not on the list of the 14 plants that General Motors will close as part of the bankruptcy reorganization. [More]

In this file photo taken March 13, 1996, workers leave the General Motors Corvette Assembly Plant in Bowling Green, Ky., following the end of their shift.

General Motors Corp. , the worlda s largest automaker for 77 years, will file for bankruptcy today, a landmark for an industry that defined American economic might.

Two automobile enthusiasts look at a 2009 Chevrolet Corvette ZR1, the most expensive and fastest Corvette ever made, at an antique car show which featured cars from General Motors past, present, and future, at the Sport Chevrolet dealership in Silver Spring, Maryland May 31, 2009.