General Motors: How Bankruptcy Changed Everything

本站添加: 2026-06-03

[00:00:00]By the mid-2000s, General Motors was in serious trouble.

[00:00:04]The company that had once seemed permanently embedded in American life had been slow to respond to foreign competition, slow to adapt to changing tastes, and had accumulated crushing debt and labor costs over decades.

[00:00:20]In 2008, the global financial crisis pushed it to the edge.

[00:00:25]General Motors filed for bankruptcy, [music] reporting roughly $173 billion in debt.