General Motors Corp., which for much of its 100-year life was the world's largest automaker and the pinnacle of corporate America, has filed for bankruptcy reorganization in an attempt to rebuild itself as a smaller and leaner automaker.
The Detroit automaker, which has been staying afloat with more than $19 billion in U.S. government loans, has seen its U.S. sales drop nearly 50% so far this year, hit hard by the worst economy since the Great Depression.
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