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Key events in the fall and rise of General Motors
Question of the Day
A timeline of key events in the fall and revival of General Motors Co.
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 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.
Nov. 16 _ GM reports a $1.2 billion loss from July bankruptcy exit through Sept. 30.
Dec. 31 _ U.S. annual auto sales drop to 10.4 million, a 30-year low.
April 21 _ GM repays $8.1 billion of loans to U.S. and Canadian governments.
May 17 _ GM reports first-quarter earnings of $865 million, its first quarterly profit since 2007.
Aug. 12 _ Whitacre steps down. Board member Daniel Akerson becomes CEO.
Aug. 18 _ GM files initial paperwork to sell its stock to the public, its first step toward ending government ownership.
Nov. 10 _ Reports a third-quarter profit of $2 billion.
Dec. 31 _ U.S. annual auto sales rise 11 percent to 11.6 million.
Feb. 24 _ GM reports earnings of $4.7 billion for 2010, its first annual profit in six years.
May 2 _ Chrysler earns $116 million in the first quarter, its first profitable quarter in five years.
Aug. 1 _ Orion Assembly begins building the Chevrolet Sonic.
Oct. 14 _ President Obama tours Orion Assembly with South Korean President Lee Myung-bak.
Dec. 1 _ Chevrolet Sonic overtakes the Hyundai Accent and Honda Fit as the best-selling subcompact in the U.S.
Dec. 31 _ U.S. annual auto sales rise 10 percent to 12.8 million.
Feb. 16 _ GM reports its highest annual profit ever _ $7.6 billion _ for 2011.
Oct. 31 _ GM earns $1.48 billion in third quarter; 11th straight profitable quarter since bankruptcy. Total earnings since bankruptcy are $16 billion.
Jan. 3 _ GM says it sold 81,247 Sonics in the U.S. in 2012, making it the best-selling subcompact in the country.
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