Well folks, General Motors is BROKE! However the U.S Government officially owns 60% of the company and 20% from the U.A.W. More plants will be closed, several plants will be idle for the summer. Over 1100 dealerships will be close and several car brands like Saturn to Hummer will be defunct! This is sad day for Detroit and a victory from the Japanese and Europeans like the have beaten the Americans.

They probably having a party in their offices right about now.