My family always bought GM cars and I can remember my Dad telling me that General Motors was "the largest company in the world." That's a big deal to a child who, even then, was fascinated by how business works.
GM's decline into bankruptcy was unfortunate but necessary. It probably should have happened six months and $50B ago.
In my research I came across the following article (click below). I think Mr. Peter Cohan explains GM's demise about as well as anything I've read. His article is concise and includes several links to follow if you want to read more.
GM's decline into bankruptcy was unfortunate but necessary. It probably should have happened six months and $50B ago.
In my research I came across the following article (click below). I think Mr. Peter Cohan explains GM's demise about as well as anything I've read. His article is concise and includes several links to follow if you want to read more.
Steve
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