GM Hours Away from Chapter 11

gm_logoIt’s a sad day for Detroit and America when the largest company in the world at one point is just hours away from a bankruptcy filing.  This didn’t happen overnight but instead took many decades to destroy the brand and go from 54% market share to 19%.  When you watch old TV show clips on car shows from the 1950’s you could tell that GM was the company to work for and their product was king.  Today, when you mention GM most people snicker and talk about how the guys at Renaissance Center gave away the business to Japan.

As far as GM India, all the local press keep on insisting nothing will change the Indian operations in.  Which to be honest is really sad, I think even GM India needs a shakeup and should focus on the low end car market. Bringing the Saturn brand to India and those “dent/ding free” body panels would work wonders in a city like Bombay. But, I’m sure the current concerns will be around the US operations where the bulk of the revenue comes from.

It’s been 4 years since my first post on GM, below are my previous posts on GM:

Feb 20, 2009 –

Nov 18, 2008 –

June 9, 2005 –

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