Published by Mr. Contrarian
There are past successes at GM. The relative success of GM’s Europe and Asian subsidiaries shows that. One such article from three years ago shows that GM, given the correct direction, can indeed make small efficient vehicles that people want to buy.
http://www.iht.com/articles/2005/08/08/business/van.php
Unfortunately, it chose to continue researching, developing, producing, and selling behemoth guzzlers that no […]
. Nov 23, 2008
Filed under: Automotive, Changing business models, bankruptcy, Big Three, Chrysler, domestic three, Ford, General Motors, GM
Published by Mr. Contrarian
Hot off the presses. Taxpayers’ money being thrown after mis-managed, unsound businesses being run by idiot management. ie, GM, Ford, and Chrysler. Now? The latest is a stalement in the US Congress:
http://www.google.com/hostednews/ap/article/
ALeqM5gfg3wahhWYeWNcAwtQuN9xWH0Z9QD94GU19G1
Making cars is a cut-throat business. Profit margins are slim, and product lead-up times run into the years, so strategic decision-making is a necessity. […]
. Nov 17, 2008
Filed under: Automotive, bailout, bankruptcy, Big Three, Chrysler, Ford, GM, GMAC, restructuring