Chevrolet-Saturn of Harlem Inc. was the first filing of the day General Motors sought Chapter 11 bankruptcy protection and recorded the nation’s fourth largest bankruptcy. As of June 1, 2009, “What’s good for GM is definitely good for American taxpayers”. American taxpayers’ $50 billion investment now totals a 60 percent stake in GM, while the union, its creditors and federal and provincial governments in Canada own the remainder of the auto company.


