GM Bankruptcy
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GM Bankruptcy
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About this listen
In this episode, we delve into the pivotal moment in automotive history when General Motors (GM) filed for bankruptcy on June 1, 2009.Faced with mounting debts exceeding $172 billion and assets of $82 billion, GM's filing marked one of the largest corporate bankruptcies in U.S. history.The company received $33 billion in debtor-in-possession financing to continue operations during the restructuring process.
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