GM

[Towntalk]

GM Bankruptcy Q&A

http://www.nytimes.com/2009/06/02/business/02primer.html?ref=business

[Towntalk]

GM Chapter 11 filing document

http://media.washingtonpost.com/wp-srv/special/business/GM/documents/GMChap1106012009.pdf?hpid=topnews

[Towntalk]

UPDATE:


Plain Dealer:

http://blog.cleveland.com/pdgraphics_impact/2009/05/29WG1AGM.pdf

Vindicator

Lordstown spared as expected

http://www.vindy.com/news/2009/jun/01/lordstown-spared-expected-other-newswatch/

[sfc_oliver]

My sister actually voted for Obama because she believed he would protect her Lordstown pension. I bet she is worried today.

[ytowner]

Happened 6 months too late. Romney called for this back in December and liberals laughed at him.

Romney 2012.

[Towntalk]

From The Vindicator:

Valley leaders on edge, anticipating GM move today

http://www.vindy.com/news/2009/jun/01/valley-leaders-edge-anticipating-gm-move-today/

[irishbobcat]

Maybe if Lordstown is mothballed, maybe the plant can be turned into producing
high speed rapid trains and passenger rail cars or a nice factory to build renewable energy parts for wind turbines, solar panels, etc.........

If only we had leadership in Columbus and Washington.....

[Towntalk]

From the Washington Post:

GM Files for Bankruptcy Protection

http://www.washingtonpost.com/wp-dyn/content/article/2009/06/01/AR2009060100697_pf.html

[Towntalk]

G.M. Seeks Bankruptcy and a New Start

http://www.nytimes.com/2009/06/02/business/02auto.html?_r=1&hp=&pagewanted=all


Its official, GM filed for bankruptcy this morning in New York at 8:00 AM. The big question for us in the Mahoning Valley is just how badly will we be hit? It doesn't mean that GM is closing its doors, or that Lordstown will be mothballed, but until we get further official word, its hard to say what the impact to the valley will be.

[AllanY2525]

You just gotta love "out-sourcing".

And people building cars overseas do not pay taxes here, which costs the
government even more in lost tax revenues.

[Towntalk]

Under Restructuring, GM To Build More Cars Overseas

http://www.washingtonpost.com/wp-dyn/content/article/2009/05/07/AR2009050704336_pf.html

The U.S. government is pouring billions into General Motors in hopes of reviving the domestic economy, but when the automaker completes its restructuring plan, many of the company's new jobs will be filled by workers overseas.