88Comrade2000 Posted June 13, 2005 Share Posted June 13, 2005 It amazing to see the General Motors still remain so incomptent. It so large- that it still would adversely effect the economy if it went under. To a company that had 50% of the market 25 years ago; to now barely hanging on to 25% of the market. GM came close to bellyup once but not to the extent Ford and Chrysler has. That near death forced Chrysler and Ford to change. Though Ford did slack off again to be where they are now. Chrsyler has been at deaths door so many times that they now are owed by Mercedes. Personally, I think Toyota will eventually become the world's #1 Automaker. They are in tune with the market and can forsee new trends. Part of GM's problems is their high overhead- healthcare/pensions, labor costs, etc.. They plan to eliminate 25,000 jobs over 3 years. Another part of the problem- which GM doesn't seem to realize is the fact they are too big and they make vehicles they noone really wants. Considering that General Motors is company that we really can't afford to go away for good; what would you do to turn around the company? Do note- Any changes in the contract with the union really can't be done until 2007- when it's time for a new contract. Link to comment Share on other sites More sharing options...
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