One reason why GM failed
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3:59
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lol look whos talking. literally
grotzy91 1 year ago
The gov't shut the money off with accounting changes. Nobody could get loans. "A" rated credit was declined on small consumer loans. Our business was also impacted by this. This was actually highlighted by the Obama administration about the time this video was made. Changes were made in lending, at the prompting of the administration, that eased up the money supply but it's a slow recovery. Prior to that GM was profitable despite having bailed out Delphi.
BeingBob 2 years ago
The reason GM is on the way out is because they build unreliable,high maintenance pieces of crap. 20 years ago ther was not alot of choice but to drive a North American car. Today we have a choice and after my first Toyota the choice became obvious.
toyota4x4canadaguy 2 years ago
The #1 air polution is METHANE, not carbon-monoxide. The reason GM is failing, is the same reason so many other companies are failing; Obama.
EretzvajuFan 2 years ago
Gm is and has been on top as far as economy on there small and midsized cars for about four years. The gas guzzlers sold better than any other models up until gas prices rose. The biggest problems the big three have been facing are past union agreement on pension and health care of retired workers. There past mistake in giving to much to the unions is the main cause.
robertfrey1967 2 years ago
cobalt roles !! i love the car
hotguy696987 2 years ago
hopefully Gm can find a way to put them back on top.
tes20009 2 years ago
bankrupt, so many people would be out of jobs and the bankruptcy would have a intense ripple effect affecting other business and so on and so forth. So will gm go into bankruptcy? Only time will tell...
Will i think they will? Yes.
tehsina 2 years ago
Tata Sold raffle tickest $80.00 each to hundreds of thousands of people and out of that only 100,000 will be able to buy the tata nano - and tata nano will need more then 1 year trying to supply the cars to those people.
But unfortunatley for us, the people in the us will not be able to drive it because of security reasons - but the company saw a huge oppurtunity and they took it. What do people want? - They want CHEAP.
Also the reason the gov. gave gm huge bailouts was because if they went
tehsina 2 years ago