Word: gm
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...biggest losers in 2008 were GM and Chrysler, which were recently bailed out by the White House with $17.4 billion in loans. GM reported a 35% sales drop in December and a 27.5% decline for the year. Chrysler's annual number was slightly worse than GM's, down 30%. Ford escaped 2008 with less damage: its sales declined 32% in December and 20% for the year...
...Bailing Out the Big Three With regard to Bill Saporito's story, I have no sympathy for the Big Three automakers [Dec. 15]. For decades, Ford, GM and Chrysler fiercely opposed restructuring and green technology while egregiously mismanaging their businesses. The only reason they've gotten religion is that they're on the verge of bankruptcy. Mark Stuart Ellison, BROOKLYN...
...amazed that Saporito made no mention of the Big Three's most obvious and most easily remedied failure: clueless marketing. Consider that GM, arguably the world's biggest car company, is worth far less today than Harley-Davidson, the world's fourth largest motorcycle maker. Dexter Ford, MANHATTAN BEACH, CALIF...
...blue for Chrysler, Cerberus' other problem child. Though the billions in TARP aid President Bush authorized for Chrysler and GM will buy Chrysler some time, there are difficult issues ahead. Unless labor costs can be brought down to parity with the foreign transplants, and without the restructuring of Chrysler's debt, the company cannot be restored to long-term health and the government loan will be unlikely to be fully repaid. (Read about GM's, Ford's and Chrysler's bailout plans...
...However, GM, the only suitor to emerge this fall, has said it's no longer interested; another potential suitor, Russian tycoon Oleg Deripeska, is fighting to keep his own empire from being shredded by economic distress. Renault-Nissan, a third potential suitor, is pulling back in the face of what its chief executive, Carlos Ghosn, has warned could be a long global downturn...