Spring Hill, Columbia Worry About Life after GM

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G. Chambers Williams III from the Tennessean: Tom Smith opened the Video Shoppe in north Columbia a year after GM announced it would build a new Saturn plant in nearby Spring Hill. To his delight, the automaker put a giant training facility right next door, and rentals of his movies boomed. "I had a good run because of it," he said. But today, more than 20 years later, the South Central Tennessee Career Center has moved in next door, where unemployed people go to look for work. "Their business is great, but mine is not," Tom Smith said. Maury County's August unemployment rate was 12.4 percent, up from 7.9 percent a year earlier. Already hit hard by the economic downturn, Tom Smith and other merchants in Columbia and Spring Hill, which have thrived on carmaking jobs for two decades, are bracing for more trouble as the auto industry shrinks.

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General Motors 363 Asset Sale Approved by US Bankruptcy Court

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General Motors achieved another milestone in its reinvention last night when Judge Robert E. Gerber of the U.S. Bankruptcy Court for the Southern District of New York approved the sale of substantially all of General Motors Corporation's assets to NGMCO, an entity funded by the U.S. Department of the Treasury.