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  • Random Article from the SaturnFans.com Archives

    General Motors, Saturn LLC, and Saturn Distribution Corporation All File for Bankruptcy Protection

    GM Logo

    As expected, GM filed for bankruptcy protection this morning in a New York based Bankruptcy Court. Fritz Henderson, GM's CEO, told reporters that "Our agreement with the U.S. Treasury and the governments of Canada and Ontario will create a leaner, quicker more customer-and completely product-focused company, one that's more cost competitive and has a competitive balance sheet. This new GM will be built from the strongest parts of our business, including our best brands and products."