Video: GM one-step closer to emerging from bankruptcy
A bankruptcy judge says GM can sell the bulk of its assets to a new company, clearing the way for the automaker to quickly emerge from bankruptcy. The Detroit car maker's Chapter 11 filing on June 1 was the fourth-largest in U.S. history.
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Labels: auto industry, bankruptcy, General Motors, video
posted by Scott Nance at
9:34 PM
1 Comments:
A judge can eliminate the debt from GM, but he can't eliminate the competition. Unfortunately, GM still has to deal with intense competition in product and new product development process against Kia, Hyundai, Tata Motors, Toyota, Honda, Nissan, etc. GM may have changed its balance sheet, but not its management or decision making processes, which bodes poorly for its future. Read more at http:/www.ThePhoenixPrinciple.com
Read ebook on "The Fall of GM" at http://tinyurl.com/nap8w8
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