Search results
Results From The WOW.Com Content Network
(Reuters) - General Motors Co's (GM.N) ongoing safety crisis over deadly ignition switches deepened on Monday with the recall of 8.23 million mostly older cars linked by the U.S. automaker to ...
Based on an assessment that automobile manufacturing was a critical sector of the economy providing 3 to 4 million jobs for Americans, that liquidation was imminent for two of the three major U.S. automakers, and that the break ups would devastate the U.S. economy, the U.S. government became involved in the day-to-day management decisions of ...
For premium support please call: 800-290-4726 more ways to reach us
On February 18, 2009, General Motors and Chrysler again approached the U.S. government, in regard to obtaining a second bridging loan of $21.6 billion (£15.2 billion). $16.6 billion of this would go to General Motors, while Chrysler would take $5 billion. General Motors agreed to shed 47,000 jobs, close five plants, and axe 12 car models.
General Motors was financially vulnerable before the automotive industry crisis of 2008–2010. In 2005, the company posted a loss of US$10.6 billion (~$15.9 billion in 2023). [ 17 ] In 2006, its attempts to obtain U.S. government financing to support its pension liabilities and also to form commercial alliances with Nissan and Renault failed.
For premium support please call: 800-290-4726 more ways to reach us
He has written a book about business crisis management and co-authored another. Meyers was a business consultant and public speaker with expertise in the auto industry and business administration. [27] He was also a Visiting Professor of Organizational Behavior at the University of Michigan Ross School of Business from 1991 to 2017. [2]
An often-overlooked but crucial part of forming an investment thesis around any company is taking a look at management, and here we focus on the management team at General Motors . When CEO Daniel ...