Bob D
GM financial history
Monday, October 19, 2026, 18:57

In 2009 GM filed for bankruptcy $91B debt annual gross revenue was only $104B

Fed Govt bought $50B of stock. Owning 61% of GM

The CFO suggested closing down all losing product lines
All of GM’s product lines were losing money

GM closed 4 of its 8 brands (Saab, Hummer, Saturn and Pontiac)

Within 2 years they were making a profit again.

In 2013 the Feds sold the remaining stock at a loss of $11B (thank you taxpayers)

Then GM F upped again and brought back an ELECTRIC only version of the Hummer.