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'''General Motors''' (GM) automobile manufacturing company was founded in 1908 by William C. Durant, and rose to become the world's leading auto manufacturers from the 1920s to 2008, with plants in the United States, Canada and Europe. In 2006, over 9 million GM cars and trucks were sold. Since then a series of massive losses have brought GM into bankruptcy. Where once it had a 50% share of the market for new vehicles in the United States, the company hopes at best to at least hang on to its current 18% share in the face of fierce competition from Asian makers, and a [[Recession of 2008|recession]] that has forced millions of people to postpone major purchases.  GM in July 2009 emerged from bankruptcy after 40 days having shed many debts, dealer, employees, and plants, kept alive with government loans and the hope that it will have electric cars on the road and find its niche market.  It is currently owned and operated by the U.S. government.   

'''General Motors''' (GM) automobile manufacturing company was founded in 1908 by William C. Durant, and rose to become the world's leading auto manufacturers from the 1920s to 2008, with plants in the [[United States]], [[Canada]] and [[Europe]]. In 2006, over 9 million GM cars and trucks were sold. Since then a series of massive losses have brought GM into bankruptcy. Where once it had a 50% share of the market for new vehicles in the United States, the company hopes at best to at least hang on to its current 18% share in the face of fierce competition from Asian makers, and a [[Recession of 2008|recession]] that has forced millions of people to postpone major purchases.  GM in July 2009 emerged from bankruptcy after 40 days having shed many debts, dealer, employees, and plants, kept alive with government loans and the hope that it will have electric cars on the road and find its niche market.  It is currently owned and operated by the U.S. government.