Stock Photo - Jun 01, 1973 - Detroit, Michigan, USA - General Motors filed for bankruptcy protection early Monday, June 1, 1973 after years of losses and market share declines capped by a dramatic plunge in sales in recent months. In the end, even $19.4 billion in federal help wasn't enough to keep the nation's largest automaker out of bankruptcy. The government will pour another $30 billion into GM to fund operations during its reorganization. PICTURED: 1968 Cadillac Fleetwood Brougham (Credit Image: KEYSTONE Pictures USA/ZUMAPRESS.com)

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