Breaking News! GM Files For Bankruptcy General Motors has filed for Chapter 11 bankruptcy protection as part of an Obama administration plan to shrink the automaker. The President is expected to speak at about 11:55 a.m. GM president and CEO Fritz Henderson will speak right after the President.
LISTEN LIVE! President Obama Speaks Around 11:55 A.M.
GM Announces Plant Closings The same day General Motors filed bankruptcy the automaker also announced plant closings and Michigan will be hit hard by the closings.