Original sentence: (Prior to its bankrupcty and restructuring, the former GM stock hit a high of $93.63 on April 28, 2000.GM returned to profits in 2011.On June 8, 2009, General Motors filed for reorganization under the provisions of Chapter 11, Title 11, United States Code, and as a direct result investments of all former common stockholders were lost completely,.President Obama declared that the restructuring "will mark the end of an old GM, and the beginning of a new GM; a new GM that can produce the high-quality, safe, and fuel-efficient cars of tomorrow.The White House characterized the GM restructuring as a shift toward a new leaner, greener company, aiming to break even at a lower annual sales
Edited sentence: (Prior to chapter 11, the former GM stock hit a high of $93.63 on April 28, 2000.GM has reported significant profits, posting a record annual profit in 2011