General Motors filed for bankruptcy in 2009, becoming the third largest bankruptcy filing in the world. GM had been a global sales leader for 77 years, manufacturing cars and trucks in 34 countries with almost 2.5 million employees and selling over 16 million cars globally. However, GM required a $15.4 billion loan from the US Treasury due to financial troubles, leading it to ultimately file for government protection under bankruptcy on June 1, 2009.

1. What Caused General Motors Bankruptcy?
GM's was the third largest bankruptcy filing of the world. For 77 years GM was a
a global sales leader. It manufactures cars and trucks in 34 countries. It had a
lmost 2, 500,000 employees and has sold over 16 million cars in 140 countries. G
M got $15.4 billion as loan from the US Treasury Department under the Troubled A
ssets Relief Program (TARP). On June1, 2009, General Motors filed for a governme
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