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Inside Story
The end of the road for GM
A look at what led to the biggest failure of an industrial company in US history.
Last Modified: 06 Jun 2009 13:02 GMT

Car giant General Motors (GM), has filed for bankruptcy protection, marking the biggest failure of an industrial company in US history.

The widely-expected move comes after GM saw its losses widen following a steep fall in sales in recent years.

The move into bankruptcy protection has been backed by the US government, which is now expected to take a 60 per cent stake in the company. The White House is also going to put another $30bn into GM.

Inside Story asks: What led to the crash of GM? Who are the winners and losers of GM's bankruptcy?

Presenter Kamahl Santamaria discusses with guests Robert Farago, the publisher of TheTruthAboutCars.com, Harley Shaiken, an expert on labour and free trade, and Gareth Leather, an economist and auto industry chief at the Economist magazine.

This episode of Inside Story aired on Tuesday, June 02, 2009.
Source:
Al Jazeera
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