Banners hang on the wall of the General Motors Pontiac Assembly plant in Pontiac, Michigan April 26, 2009. General Motors Corp announced a new restructuring plan on Monday that includes aggressive debt reductions, plant closures and job cuts. GM announced it will be cutting 21,000 more factory jobs by 2010 and phasing out the Pontiac brand. GM faces a deadline of June 1 to achieve the sweeping restructuring. Without the cost-cutting deals, GM said it expected to file for bankruptcy. Picture taken April 26. Reuters Pictures 9 months ago

Banners hang on the wall of the General Motors Pontiac Assembly plant in Pontiac, Michigan April 26, 2009. General Motors Corp announced a new restructuring plan on Monday that includes aggressive debt reductions, plant closures and job cuts. GM announced it will be cutting 21,000 more factory jobs by 2010 and phasing out the Pontiac brand. GM faces a deadline of June 1 to achieve the sweeping restructuring. Without the cost-cutting deals, GM said it expected to file for bankruptcy. Picture taken April 26.