GM bankruptcy is end of an era. At one time in 1979 they had 511,000 employees, now they have 54,000. Last month sales of new cars were down 45% compared to last year which was horrible; only Chrysler did worse with sales down 52%, sales of the ill fated iconic Hummer were down 67%.
It truly is a sad day for america as its largest manufacturer closes its doors. The giant automaker made possible for many in labour to enjoy a comfortable life. However, now instead of america workers making 50 dollars an hour, we shall see chinese workers making 50 cents an hour. Times are a changing.
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