Largest bankruptcy in US history explained

General-motors-bankrupt Wow!

So General Motors is bankrupt, out of money, and circling the drain.

You know there will be thousands of words, written and spoken as to why this milestone bankruptcy signifies an end to an era for the American automotive industry. Columnist and talking heads will slice and dice the reasons while tens of thousands of jobs are shed almost overnight.

So why did GM go bankrupt?

I won’t pretend to even know the truth but I’ll wager the video below seems to exemplify the entire mess in a pretty thoughtful manner. And the fact that it is in German is just the cherry on top.

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Roman Mica is a publisher, columnist, journalist, and author, who spent his early years driving fast on the German autobahn. When he’s not reviewing cars or producing videos, you can find him training for triathlons and writing about endurance sports for as our sister blog’s publisher. Mica is a former broadcast reporter with his Master’s Degree in journalism from Northwestern University. He is also a presenter for TFLcar’s very popular video review channels on YouTube.