GM emerges from bankruptcy

JUL 10, 2009
General Motors Corp. CEO Fritz Henderson says the new GM will be far faster and more responsive to customers than the old one. Henderson announced on Friday that the company had emerged from bankruptcy protection far faster than anyone thought it could. He says the company now will focus more on customers, including a partnership with eBay for people to buy vehicles by auction online. Henderson says the company will build more cars and trucks that consumers want and launch them faster than in the past. The new GM is a smaller company that is less burdened by the staggering debt that nearly sent it to liquidation.

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