User:Stockst/History of MLC
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The History of Motors Liquidation Company (formerly General Motors Corporation) dates back to 1908 and involved a vast scope of industrial activity around the world, mostly focused on motorized transportation and the engineering and manufacturing that make it possible. On June 1, 2009, following a severe decline in automotive sales (see also automotive industry crisis of 2008–2009) and a recession, the company filed for bankruptcy protection. On July 10, 2009, the company, then known as General Motors Corporation, changed its name to Motors Liquidation Company.
The company had various automotive-component and non-automotive brands, many of which it divested in the 1980s through 2000s. These included Euclid and Terex (earthmoving/construction/mining equipment & vehicles); Electro-Motive Diesel (locomotive, marine, and industrial diesel engines); Detroit Diesel (automotive and industrial diesel engines); Allison (Aircraft engines,transmissions, gas turbine engines); Frigidaire (Appliances including refrigeration and air conditioning); New Departure (bearings); Delco Electronics and ACDelco (electrical and electronic components); GMAC (finance); General Aviation and North American Aviation (airplanes); GM Defense (military vehicles) and Electronic Data Systems (information technology). In short, there are few, if any, industrial sectors or categories in which the company did not play a major role in the twentieth century, worldwide.