It’s all over the news. I saw a TV report about it last night, and listened to more today while driving into work.
This morning General Motors is filing for bankruptcy!
According to a Detroit News article:
GM, the storied 100-year-old Detroit automaker that once was the world’s largest company, was forced into bankruptcy by the administration after losing $88 billion since 2005. The company ran out of money in late 2008 before being rescued by $13.4 billion in government loans in the waning days of the Bush administration.
“Today will rank as another historic day for the company — the end of an old General Motors and the beginning of a new one,” the White House said in a fact sheet.
I’m intrigued. What will this new General Motors look like?
What innovations will bridge the new General Motors into our future?