Word: gm
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Dates: during 1990-1999
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...industry has already undergone considerable consolidation. Along with its equity interest in Kia, Ford Motor Co. owns Jaguar PLC and a one-third stake in Mazda and is considering an alliance with Samsung Motors Inc. GM, still the world's largest automaker, owns Germany's Adam Opel AG, the U.K.'s Vauxhall Motor Cars Ltd., Holden's in Australia, 50% of Saab Automobile AB in Sweden and about a third of Isuzu. On top of that, GM operates a joint venture in Canada with Suzuki Motor Corp. and an assembly plant called NUMMI in California with Toyota...
...Volkswagen (or Fiat or Renault if VW didn't want to play), with American Motors thrown in to make trucks and utility vehicles. American-designed cars would run on German (or Italian) engines, and joint dealerships around the world would be able to match the market penetration that only GM and Ford had at the time. It was one of Iacocca's typically brash ideas...
...level, these mergers just feel right. The nation seems to take great pride in having the world's largest software company (Microsoft), largest computer company (IBM), largest car company (GM), largest oil company (Exxon) and so on. With these mergers, America could well have the world's largest financial institution again. And that's as it should...
...Economics class, is a thorough documentary about the rise and fall of Flint, Michigan according to the whims of General Motors. Moore focused on the human effects of unemployment, showing broken families and auto-workers turned rabbit skinners. The entire film builds to a single question: "What right does GM have to close its factories in Flint, ruining thousands of lives, all for the sake of corporate profits...
Clev. 6, Oak. 5, comp. of susp. gm...