General Motors Bailout Case Study

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When the US and Canadian government finally decided to bailout General Motors, it was not even near a surprise. Unfortunately, GM could no longer sustain itself due to pensions and health care provided for their employees and being unable to catch up with Japan’s inventive and low cost vehicles ("Detroitosaurus wrecks; The decline and fall of General Motors"). Eventually, it got to the point of no return. GM was finally forced to succumb to the economic pressures and filed for a chapter 11 bankruptcy ("Government Motors no more; General Motors."). The only other choice was liquidation, which is an inconceivable idea for a once multi-billion dollar company. By taking this course of action, the General Motors bailout has now been able to have

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