 AFP | Analysts say GM bankruptcy may not be all that bad Salt Lake Tribune, United States AP Deflated balloons hang over the grille of a Pontiac car in Toronto, Canada on Monday, April 27, 2009. General Motors says it will cut 21000 US factory jobs by next year and phase out its storied Pontiac brand as part of a major restructuring effort ... UAW cuts a deal with GM, but bankruptcy looms US to steer GM toward bankruptcy: report Bailouts, Abusive Bankruptcies, And the Rule of Law |