On Monday, General Motors Corporation officially filed for Chapter 11 bankruptcy. This should have come as no surprise to the financial community as bankruptcy has been discussed for a few years now. Going back to 2008, GM was told that they would have to submit an acceptable long term viability plan...

Fiat courted a merger with Chrysler and planned to buy GM of Europe, which includes Opel of Germany and the British auto company Vauxhall. This was going to possibly make Fiat the second largest global auto company after Toyota. Fiat’s grand plans have been foiled by the Canadian parts manufacturer...

Charles Wilson, GM’s president during the 1940’s and early 1950’s, who once told Congress “What is good for General Motors is good for America” could never believe that his GM, the global leader of the auto industry, would ever be in the position it now finds itself. This...