GM - Possible Bankruptcy Filling

NEW YORK/DETROIT (Reuters) - General Motors Corp is in "intense" and "earnest" preparations for a possible bankruptcy filing, a source familiar with the company's plans told Reuters on Tuesday.

A New Order Rises: President Fires GM Agency Head

The GM and Chrysler took the bait, I mean the bail out. They are now told what to do. These companies have been taken over. GM and Chrysler are no longer independent companies, these are now de facto agencies of the federal government.

Ford has rejected the bail out funds. Guess what, that company is gaining market share.

Who wants to buy a car made by the government?

Team Obama fired GM CEO Rick Wagoner Sunday afternoon - A ‘Truly Breathtaking’ Departure