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Essay

The Tragedy Of General Motors

Essay specific features

 

Issue:

Business

 

Written by:

William K

 

Date added:

December 18, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

21 / 5638

 

Was viewed:

4415 times

 

Rating of current essay:

 
Essay content:

In recent months both Moody's and Standard & Poor's have made increasingly grim statements, bald in their talk of bankruptcy and laden with doubts that GM (Research) can turn around its reeling North American auto operations, now reduced to an embarrassing market share of 26%. In that percentage lies a harrowing, and maybe intractable, revenue problem...
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Says one GM executive: "There's no fix for us unless we get revenues stabilized." Nonetheless, Wagoner and crew must also deal with the full range of GM's problems, and they add up to a Hummer-sized load. The company lost $8.6 billion last year, burning up billions of dollars in North America, earning too little back overseas...
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General issues of this essay:
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