There is so much that can be said about GM’s demise, as well as how its bailout has been handled.
It is rather mindboggling to realize that at its peak, it was the most powerful company in the world.
I’ve been trying to recall how many times major stories have been published over the years about GM’s “impending turnaround.” It has been many.
1 thought on “GM Bankruptcy”
I think it is about time that some of these large companies are finally forced to deal with reality. It is unfortunate that it took the last year or so of market troubles for some of GM’s issues to surface.
Why should GM be receiving so much preferential treatment through bailouts? If GM can’t act like a normal business then they should suffer just like any other business…either grow stronger due to good decisions or get broken up and sold off…
Unfortunately, as a car owner I have a SAAB…but on the bright side maybe FIAT will buy this division and run it more effectively.
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