GM Bankruptcy Means Tough Times For Michigan

LANSING, Mich. (AP) -- Michigan Gov. Jennifer Granholm says General Motors Corp.'s bankruptcy filing will mean more tough times for communities already hit hard by the struggles of the U.S. auto industry.

She said Monday it will be a difficult summer in Michigan, which already has lost thousands of jobs. But the Democrat says the bankruptcy means "we can finally see that we are hitting bottom."

GM filed a Chapter 11 petition Monday morning. Granholm says she thinks it will work to save the company.

Granholm made the remarks on CNN's "American Morning" show. She earlier told CBS' "The Early Show" that Congress needs to take action to stimulate consumer demand as automakers work to remake themselves.

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