General Motors bankruptcy overview and financial history

General Motors bankruptcy overview and financial history The passage provides a historical financial summary of GM and explains its bankruptcy due to pension costs and competitiveness. It contains no new allegations, no links to political figures, intelligence agencies, or illicit financial flows, offering no actionable investigative leads. Key insights: GM founded in 1908, peaked in cash flow and market cap before 2009 bankruptcy; Pension and OPEB liabilities grew to 4.8% of annual expenses; Bankruptcy filing in 2009 attributed to uncompetitive products and high entitlement costs