GM Goes Bust - American Icon Collapses

American Icon General Motors Corp.(GM) has gone bust.Yesterday,the motor giant,once hailed by Time as a symbol of American success, collapsed in landmark Chapter 11 bankruptcy with 88,000 employees.Amid the worst...

Chrysler to Cut 25% of Workforce

Add Chrysler to the list of major corporations getting set to hack and slash their workforces, due to the economic downturn. Just one day after announcing plans to cut 1,825 jobs, Chrysler LLC announced...

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