- Associated Press - Saturday, January 5, 2013

A timeline of key events in the fall and revival of General Motors Co.


Nov. 18 _ The CEOs of GM, Ford and Chrysler ask for aid from Congress, citing the weak economy, plummeting sales and the collapse of the U.S. banking system.

Dec. 19 _ President Bush approves $17.4 billion in loans for GM and Chrysler, citing an imminent collapse of the industry. President Obama eventually approves another $44.6 billion in aid for the companies.


March 30 _ GM CEO Rick Wagoner is forced to resign by the government.

April 30 _ Chrysler files for bankruptcy protection.

June 1 _ GM files for bankruptcy protection. Orion Assembly Plant is on a list of 12 plants it plans to close or idle.

June 11 _ Chrysler leaves bankruptcy in a new partnership with Italian automaker Fiat SpA.

June 26 _ GM says Orion will stay open and build a new small car that was originally scheduled to be built in China.

July 10 _ GM emerges from bankruptcy protection. Becomes a private company with U.S. government as largest shareholder. Former AT&T head Ed Whitacre becomes board chairman.

Nov. 16 _ GM reports a $1.2 billion loss from July bankruptcy exit through Sept. 30.

Dec. 1 _ GM CEO Fritz Henderson is forced out after just eight months. Whitacre becomes CEO.

Dec. 31 _ U.S. annual auto sales drop to 10.4 million, a 30-year low.


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