It is the dawn of a brand new day in the automotive world.  GM is finally out of their 39-day bankruptcy and they are looking forward to making a heck of a lot of changing in order to emerge as a brand new GM.  They want to pay all of the taxpayers back and the CEO actually offered up a lot of thanks for all of the support in these trying times.  However, what is going to happen now?

Well, as I was reading more and more jobs are going to be getting cut and for once, it is not going to be of the blue-collar nature, but of the white-collar nature.  About 6,000 jobs are going to be cut loose and while I know that, that is terrible, it feels pretty good to know that GM is actually taking this serious now.  They are no longer the untouchable company.

Another thing that they are doing is actually letting go of a lot of their dealership as well as a lot of their car labels, like Cadillac, Saab and many others.  They are selling them off in order to get even more out of debt.  Good for you GM!

More GM Auto news right here at gmautoblog.com!