Let's Know About : General Motors .
Since few months now , we’ve heard about many multinational companies , that were facing really big problems as a result of the economic crisis .
And one of the companies that the news keep on talking about, and one of the companies that if by misfortune ,eventually go bankrupt, it’s all the economy of the united states that will collapse because companies like these are pillars of the whole Economy of a country
Let’s know about :
GM , the meaning of the word automaker, takes all it’s sense when we talk about General Motors Corporation, which is the second largest automaker in the world , general motor sells cars under several know brands as Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Hummer, Opel, Pontiac, Saab, Saturn and Vauxhall .
It’s also good to know that before the economic crisis General Motors was the global sales leader for 77 consecutive calendar years from 1931 to 2007.
So let’s first talk a bit about the history of general motors , General Motors was founded on September 27, 1908,by William C.Durant. back then, General motors held Buick but soon after It acquired Oldsmobile . In 1909 Durant brought in Cadillac,Elmore, Pontiac and several others brands .and since then General motors’ has become one of the most powerful companies in the world ,it employs more than 252,000 people around the world .
Okay all this is good , but the thing i don’t understand ,is despite the fact that this company has everything to succeed ,and has everything to keep its place as a world leader in terms of cars production , General Motors is on the verge of Bankruptcy.
Maybe the vertiginous fall that General Motors is facing , is a result of the disastrous management of one man , Rick Wagoner, because since he’s on the head of this company in 2000 , General Motors has lost more than 86 billion dollars , which fullyexplains the condition in which things are currently.
General Motors cars have everything to seduce new buyers from all around the world, it produces world-renowned qualityproducts , but in a very unstable global context , and purchasing power in free fall, will it be able toraise the head again and go back on the road of success ??
Obama government is doing everything to save General Motors from bankruptcy but will it succeed ? the is the question I ask myself, and only the coming days have the answers .
really cool topic, but don’t think that GM will go bankrupt, because in this case it’s the whole us economy that will collapse, that’s why obama is doing everything to avoid this .