General motors once world's largest car maker is now under fire due to the economic crisis. The Car making giant company is on the verge to file for bankruptcy. This is said to be one of the world's biggest failures in the history. Downfall in the sales of the vehicles has led to this bankruptcy as far as General motors is concerned, but that is because of the recession in united states which is yet to see any forms of recovery. So to save the company from anymore downfall, the Obama government has announced $30 billion for recovery. This will eventually mean that the government will have a 60% stake in the shares of the company. this will be done in the next 90 days along with it the company will see an all new makeover to bring back to normalcy. Being one of the world's largest car maker, it is important that this issue is solved as soon as possible, so that it doesn't affect other countries, since it as stake all over the world.General motors once world's largest car maker is now under fire due to the economic crisis. The Car making giant company is on the verge to file for bankruptcy. This is said to be one of the world's biggest failures in the history. Downfall in the sales of the vehicles has led to this bankruptcy as far as General motors is concerned, but that is because of the recession in united states which is yet to see any forms of recovery. So to save the company from anymore downfall, the Obama government has announced $30 billion for recovery. This will eventually mean that the government will have a 60% stake in the shares of the company. this will be done in the next 90 days along with it the company will see an all new makeover to bring back to normalcy. Being one of the world's largest car maker, it is important that this issue is solved as soon as possible, so that it doesn't affect other countries, since it as stake all over the world.