It’s said “As General Motors goes, so goes America.” It’s as true today as it was in 1953, when GM President Charles Wilson declared before Congress that what was good for the country was good for GM and vice versa. Having too much debt and a muddled bureaucracy finally brought GM down.
Blog: The Chevrolet Citation would slot seventh on the definitive list of automotive awfulness. (CarLustBlog.com)
People think of the inventor as a screwball, but no one ever asks the inventor what he thinks of other people.
Quotation from Charles F. Kettering, Manager of Research, General Motors
everything seems to be going down these days but the good thing is, here in asia, these kinds of things are like a daily thing and there are more devastating news here than big co. closing down. btw, got an award for you on my space.
You have to move with the times
GM didn’t
Hopefully they have done the environment a big favour by going bust.
Ya but i am sure a big fat government bailout is coming next.
I don’t feel too badly for GM itself. They’re getting billions in dollars from the government, readily available to them now. It’s the little people that work for GM that will inevitably get buried under all this reorganization crap – I worry for them.
I work in bankruptcy law – I think I’ve become immune.
Does that mean nobody has a warranty anymore? Maybe they should have kept the trolley car and train business.
The Most important challenge GM faces is to win back the trust of the tax payers. Giving away billions of tax payer money is not going to go under good sights of the consumers