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Thu May 29, 2014
GM approaches 5 years since bankruptcy
At 8 a.m. on June 1, 2009, General Motors filed for Chapter 11 reorganization. That filing in the bankruptcy court in Manhattan was the start of a painful and historic journey for General Motors.
Five years later, after a massive government equity investment, General Motors is doing well, although it has been rocked recently by the ignition switch recall controversy, and a blizzard of other recalls.
Let's take stock of what GM has done in the last five years, and see if the prevention of job and income losses was worth the cost to taxpayers.
Sonari Glinton is NPR's business reporter, and he joined us on Stateside.
*Listen to the full interview above.