GM Divisions To Be Sold
The competition to buy General Motors Corp’s Opel and Vauxhall units heated up last Friday as the three primary suitors were reportedly joined by an unidentified Chinese automaker. Meanwhile, sources say that bankruptcy is far from certain in the GM restructuring case, and reports that the Obama...
American Auto Industry Faces a New Reality
Once upon a time the American auto industry was all powerful, able to influence the government to make rules which favored their interests. Detroit’s leading firms, GM, Ford and Chrysler led the world’s automobile manufacturers and created a culture which excited the public, who thirsted...
Will GM Have To Declare Bankruptcy?
Charles Wilson, GM’s president during the 1940’s and early 1950’s, who once told Congress “What is good for General Motors is good for America” could never believe that his GM, the global leader of the auto industry, would ever be in the position it now finds itself. This...