Obama saved them, using taxpayer money, screwing over stockholders, and successful dealerships (if they were run by Republicans) and then to seal it’s fate stuck a socialist moron like himself in charge.
The loans to GM began in 2008 under the Bush Administration.
IIRC, Obozo turned GM over to the UAW, and their pension trusts.
And the bondholders, who really got bent over. O'Bastard just decided to ignore laws and contracts, not to mention destroying an enormous amount of confidence and good faith that had been built into the bond market.
Commie is as commie does... change the rules and take over businesses.
—— screwing over stockholders——
And outright theft of the debt owed to bond holders
To hell with the UAW....... they get what they deserve