Finally, GM registered their company to US bankruptcy department following the last automotive company which is taking the same decision; Chrysler. GM is an open company with has asset more than US$82,7 billion and loan reach US$ 127,8 billion.
By registering the bankruptcy of the company, the new GM will be formed with 60% belong to US goverment, 17,5% for UAW, 10% for Canadian goverment and 12,5 for the obligation owners.
After declaring of the GM bankruptcy, the new GM will be formed as the US institution.
That 100 years victory is over today in the first day of June 2009. GM is done.
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