GM introduced important breakthroughs, including automatic transmissions, power steering, power brakes and fuel-injected engines. General Motors was once the largest corporation in the US and the single largest employer in the world. However, GM has been dealing with financial woes and in November of 2005, they booked a $4 billion loss, lay off about 30,000 employees and closed 12 plants...
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General Motors was once the largest corporation in the US and the single largest employer in the world. However, GM has been dealing with financial woes and in November of 2005, they booked a $4 billion loss, lay off about 30,000 employees and closed 12 plants. GM intends to leverage the milestone as a way to promote the company, focusing more on future goals rather than the past...
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