No body knows who bought Hummer. General Motors sold Hummer to mystery buyer just one day after GM filed for bankruptcy.

Monday's announcement of General Motors' bankruptcy filing drew out fierce criticism from people of all political spectrums who had lots to say about GM's business model, why things went wrong, and what awaits the company in the future.

Now that the GM Bankruptcy news is already over, General Motors spent no time in releasing the 2009 list of GM plant closings. However, GM made it clear that despite plant closings the small cars are still coming.

In the most predictable event in bankruptcy history, GM is finally filing for Chapter 11 this morning. The U.S. Government will wind up owning a majority of the company with plans to inject another $30 billion in order to keep operations going while the creditors hammer out the details during the bankruptcy process. US auto giant General Motors bankruptcy protection is the third largest bankruptcy filing in US history.

GM bankruptcy is as certain that if it happens it may not bring any surprises to buyers, sellers or the analysts. However, GM may not file for bankruptcy this week.

Is General Motors headed for bankruptcy, much like fellow automaker Chrysler? If you ask the experts, they will say yes.

In an SEC filing Monday, General Motors said it will cut 21,000 U.S. factory jobs by next year nad phase out its Pontiac brand (as was leaked over the weekend). This is all part of the restructuring plan GM just have in place by June 1st as part of the administration's requirements for further lifelines.

The Wall Street Journal reported on Friday that General Motors is set to drop its Pontiac brand, and close more factories. GM previously dropped the Oldmobile brand in 2004.

Why is this good news? Because Ford's loss is less than expected.

Due to the falling car sales, which are below 10 million, GM will shut down 15 assembly plants from May to July period for 9 weeks because the company has more cars to sell than it has to produce.

While U.S. automakers General Motors and Chrysler continue to lobby Congress for more funds they, and other manufacturers are making appearances at the New York International Auto Show 2009, though in a decidedly non-festive mood.

General Motors has teamed with Segway, maker of the upright, two-wheeled, self-balancing scooters, to build a new type of two-wheeled vehicle designed for congested urban streets. The name of the project is PUMA, for Personal Urban Mobility and Accessibility.