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After the recall, an internal probe revealed that GM India were violating Indian testing norms. According to the internal probe, some GM India employees were putting tuned higher emission engines which had already failed tests. 25 employees were fired following the incident and GM India would also have to pay a ₹23 million ($358,000) fine.
Why did General Motors (GM) fail?A second reason is its uncompetitive vehicles. As I posted in early 2006, comparing GM vehicles to those of Toyota Motors revealed that people were willing to pay ...
Why did General Motors (GM) fail? The fourth reason is its failure to innovate. Since GM was focused on profiting from finance, it did not really care that much about building better vehicles. In ...
The company only counted incidents resulting in head-on collisions in which the airbags did not deploy. It did not include, for example, an incident where after a car's ignition switch failed, the car "spun out, hydroplaned, hit an oncoming vehicle and rolled off the road, dropping 15 feet into a creek". [15]
Why did General Motors (GM) fail? A third reason is ignoring the competition. GM has been ignoring competition -- with a brief interruption -- for about 50 years. In the 1960s, GM controlled half ...
The General Motors streetcar conspiracy refers to the convictions of General Motors (GM) and related companies that were involved in the monopolizing of the sale of buses and supplies to National City Lines (NCL) and subsidiaries, as well as to the allegations that the defendants conspired to own or control transit systems, in violation of Section 1 of the Sherman Antitrust Act.
Why did General Motors (GM) fail? The first reason is bad financial policies. As I posted, for too many years GM used cheap cars as razors to sell consumers a monthly package of razor blades -- in ...
On May 27, 2009, the U.S. Treasury advanced a secured loan of US$360.6 million to GM, and GM issued a note to the Treasury for US$360.6 million, plus $24.1 million USD as additional compensation for the warranty advance, pursuant to the terms of the Warranty Agreement dated December 31, 2008, between GM and the U.S. Treasury. The loan funded a ...