The US giant automotive symbol, General Motors (GM) has been annouced bankruptcy for their biggest failure along the road. US government will take over the company management, which was claimed to become the biggest company in the world.
The bankcruptcy announcement has become a deep impact toward US economic healing process. It is not just a company but is a "great wall' of United State. US state government officer hope that the management transition will take from 60 days to 90 days only and after that period, GM will be free from bankcruptcy and become a more manageable and structured company.
The US government will inject aboout US$ 30.1 billion fund or up to 60 % share to the GM financial support , while Canada will invest around 9.7 % share on this automotive company.
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