GM files for bankruptcy, Chrysler sale cleared
By Kevin Krolicki and John Crawley
DETROIT/WASHINGTON (Reuters) - General Motors Corp filed for bankruptcy on Monday, forcing the 100-year-old automaker once seen as a symbol of American economic might and dynamism into a new and uncertain era of government ownership.
The bankruptcy filing is the third-largest in U.S. history and the largest ever in U.S. manufacturing.