Word: gm
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Dates: during 1970-1979
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...personal papers and says that "anything of a substantive or controversial nature is either on tape or appears in John's handwritten notes. It's airtight." But DeLorean backed out of the project; he has started an auto plant in Northern Ireland and may want GM's help in securing parts and dealers. After years of frustration, Wright took out a $50,000 second mortgage on his house and published the book himself. The work is presented as DeLorean's first-person account, and he now says that he generally would not repudiate...
DeLorean's kiss-and-tell story of GM in the '60s and '70s depicts senior GM executives as men hemmed in by tradition, swamped in paper work, and totally in thrall to their company careers...
Invention and flair, he charges, have disappeared from GM, which "has not had a significant technical innovation since the automatic transmission...
...path to the top, he asserts, required a cultivated subservience. He says, "It was called 'kiss-my-assing' when it was done by a supplier to a customer, and 'loyalty' when it was done inside GM...
...excessive emphasis on cost cutting," he recalls, "produced an aberrant method of evaluating performance. At one time the assembly plant in Tarrytown, N.Y., year in and year out produced the poorest quality cars of all 22 GM U.S. assembly plants. In some instances, Tarrytown cars were so poorly built the dealers refused to accept them." Yet because of consistently low production costs, DeLorean contends, the plant manager got one of the highest bonuses among all GM managers...