All it took was fixing the notoriously faulty electrical system in Chevy Blazers.
After 41 days, GM shed $48b in debt, kicked some top execs to the bread line, and “restructured” their management style. They are now out of bankruptcy protection and ready to be mildly viable once more. Yipee.
Not bad for a company that is responsible for this scrap of god-forsaken metal:
Lumina, why did you break down on me in the middle of rush hour traffic–twice?
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Tags: bankruptcy · GM · The Great RecessionNo Comments
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