Call it ‘Government Motors’
What GM's bankruptcy filing means for America's auto industry, and for America
It also set the stage of a series of changes at the nation’s largest automaker. A new, leaner GM is expected to emerge from the bankruptcy, and Obama Administration officials said they wanted minimal involvement in the process. A Chief Restructuring Officer has been named, and the company will begin moving toward a quick emergence from bankruptcy, with one official suggesting that could occur in 60 to 90 days.