The rise and fall of General Motors

General Motors Corp and the US government finalized plans for the battered company to reorganize, setting the stage for America's largest-ever industrial bankruptcy filing before markets open on Monday.

Heralding a new and uncertain era for the No. 1 U.S. automaker, GM will file for Chapter 11 bankruptcy protection at the US Bankruptcy Court in the Southern District of New York before the start of trading, according to sources with direct knowledge of the preparations.

The following are key events in GM's history, including major deals and alliances by the No. 1 U.S. automaker.

1908 - GM founded in Flint, Michigan.

1919 - GM creates captive finance arm, GMAC.

1929 - GM buys 80 percent stake in European Adam Opel AG.

Image: Flags fly outside the General Motors world headquarters building in Detroit, Michigan

Text: Reuters

Images: Getty (Any unauthorised reproduction is prohibited)

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