General Motors filed for Chapter 11 bankruptcy on June 1, 2009, marking the largest manufacturing collapse in U.S. history. The automaker had lost its title as the world's largest car producer to Toyota months earlier and shut down major plants including the Janesville Assembly Plant in April 2009.
·GM files for Chapter 11 reorganization, the biggest manufacturing bankruptcy in U.S. history
·Company loses world's largest automaker title to Toyota in January 2009
·Janesville Assembly Plant shuts down in April 2009 amid restructuring
·Ex-CEO Fritz Henderson later deals with bankruptcy again at supplier Marelli
·Massive job cuts announced across GM and rival automakers Ford and Volkswagen
drawn from WSAW, Crain's Detroit, WMTV 15 NEWS, Global Banking & Finance Review · updated 7d ago