The Fall of GM – Have the Lessons Been Learned? « So, what were we talking about again?

The Fall of GM – Have the Lessons Been Learned?

June 4, 2009 — Tanveer Naseer

After months of speculation, the wait has come to an end. On June 1st, the largest North American car manufacturer, General Motors, filed for Chapter 11 bankruptcy protection. The move comes as little surprise as the writing has been on the wall for some time. The question now, though, is what the future holds for the restructured, and to be anticipated rebranded “New GM”, car manufacturer. Some clues on that can be gleaned from what measures they choose to undertake during their restructuring process. Click to continue reading the rest of this entry

Posted in Business. Tags: auto manufacturer, automakers, bailout, bankruptcy, Chapter 11, Detroit, economy, General Motors, GM, reinvention. 4 Comments »

4 Responses to “The Fall of GM – Have the Lessons Been Learned?”

Summer Says:
June 15, 2009 at 12:40 pm
Did Gm deserve the bailout? You Ask me I would say NO.. why? When Honda and Toyota were out inventing new cars, GM was busy boasting about its pride and Showing off its hungry hungry Daughter the Hummer
Danielle Says:
June 15, 2009 at 12:40 pm
No Surprise that GM had to sink like the Titanic.. Just the pain and hard work of 300 Million Taxpayers going down the drain.. Whose responsible for that?
Tanveer Naseer Says:
June 16, 2009 at 9:04 pm
Hi Summer and Danielle,

Thanks for stopping by my blog. As I’m sure you’ve garnered from reading my blog, I am not a supporter of bailing out failing companies like GM because the problem is not market-related, but product-related.

Sadly, we tend to look only at the idea of massive job losses in one sector – car manufacturers – and not the potential loss of more sustainable jobs that could have been created by investing the money elsewhere. But that’s what you get when you focus your money only on the short term run.

Thanks again for sharing your thoughts on this issue.
Poppy Says:
June 18, 2009 at 9:56 am
So Whose responsible for 300 Million Innocent People’s money going down the gutter? The average American Joe just sits and whines on what hapepned? GM …What about those countless people who are fired and on the road?