SOME KEY TERMS ON THE GM’S BANKRUPTCY FILING THAT I TRANSLATED TO PORTUGUESE (IN BRACKETS)
General Motors Corp. once mattered so much to the U.S. economy that a two-month strike (uma greve de dois meses) in 1970 helped trigger (desencadear) a 4.2 percent drop in gross domestic product (uma queda de 4.2% no produto interno bruto) for the fourth quarter, as national auto production fell 82 percent.
Then, GM accounted for (respondia por) about half the cars and light trucks sold in the country. Now, GM controls just 20 percent of the market, and analysts say its bankruptcy filing (encaminhamento/pedido de falência)will barely register in the broader economy.
GM’s drawn-out restructuring (o restruturamento demorado da GM), an increase in U.S. manufacturing by foreign carmakers and the recession-induced decline in auto sales all have meant more to the economy than today’s legal filing (do que o pedido de falência de hoje).
GM has been reducing payrolls (a GM tem reduzido as folhas de pagamento) for three decades. Its U.S. employment peaked in 1979 at 618,365, when it was the nation’s largest private employer and auto manufacturing accounted for 4.1 percent of GDP. At the end of this year’s first quarter, autos were 1.5 percent of the economy, and GM had 88,000 U.S. workers.
Michael McKee's Bloomberg story