After months of struggling, General Motors, the nation's largest automaker and for decades an icon of American manufacturing, is expected to file for bankruptcy protection on Monday – a step that impacts not only the company but taxpayers, who will now own more than 72% of GM.
To examine the implications of this major step, ABC’s Charlie Gibson will anchor Monday’s “World News” from a Chevrolet dealership – one of GM’s main brands — in Bordentown, New Jersey.
GM's innovations shaped the cars that Americans drive and cemented the automobile’s role in shaping the nation’s society for the latter half of the 20th century. The company also became deeply intertwined with America’s economy, politics and culture.
World News will examine the impact the bankruptcy will have on GM workers young and old, the company’s path forward, and the new look of the American auto industry.