GM files Chapter 11 bankruptcy announces shuttering factories!

General Motors files Chapter 11 bankruptcy protection in court and will close 9 plants. New York, NY(JusticeNewsFlash.com)–The world’s second-largest auto maker, General Motors (GM), filed for Chapter 11 bankruptcy protection early Monday morning. Yahoo News reports that GM’s bankruptcy case is the largest U.S. industrial bankruptcy filing, with $82.29 billion in assets and $172.81 billion […]

GM demands $30 billion more!

Detroit automaker to file for Chapter 11 bankruptcy. Detroit, MI(JusticeNewsFlash.com)–General Motor Corporation (GM) is expected to file for Chapter 11 bankruptcy protection in federal court on Monday, reported the Detroit Free Press on Friday. The American automaker headquartered in Detroit will attempt to restructure itself with even more federal government financing. The new GM will […]

Ford’s United Auto Workers accept union contract concessions

Ford U.A.W. workers accept new contract placeing pressure on G. M. and Chrysler. Chicago, IL (JusticeNewsFlash.com)–Fifty-nine percent of production workers and 58 percent of skilled-trades workers voted in favor of accepting concessions to their 2007 contracts according to the United Auto Workers (U.A.W) on Monday. As reported by Reuters, the new agreement between the U.A.W. […]