Once considered as the giant of the automobile industry is facing the worst situations in the recent times due to its incapability to compete and show better outputs in the recent years. The company almost now runs only on the U.S tax payer loans and owe around $13.4 billion in loans to the U.S government. The government has forced the General motors corporation to restructure its organization or threatens of filing bankruptcy charges. With steep downfall in sales and tremendous debts causing employee scarcity has forced it sell some of it’s manufacturer division and search for foreign investors. With no money innovate and produce fuel efficient and many losing faith in investing in its complex financial structure we can only hope it survives this global recession.