Word: gm
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Dates: during 2000-2009
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...this fighting is that there is a disagreement concerning the fundamental values of the U.S. money center banks. It has become a sign of sophistication for an institutional stock picker to say that a company's stock value is zero. Recently, there have been research notes that say that GM (GM) is worth zero, and that Citi is. Saying something is worth zero is too easy. Most analysts have to give a range of prices and reasons for their upper and lower targets for share value forecasts. Saying something is worth zero is cheating. It takes away any meaningful analysis...
...contracts in an attempt to streamline the company. But he did little to pull his company out of its unsustainable reliance on sales of sport utility vehicles and trucks, which plummeted when gas prices rose to $4 per gallon last year. It is largely this reliance that has led GM into its current crisis...
...financially untenable. The auto company is dependent on government handouts, and there are no signs that its status will be able to stand on its own any time soon. Thousands, even millions, of jobs and a significant part of the American economy (especially the battered manufacturing sector) depend on GM remaining afloat. Whether or not pulling GM out of the red is possible at this point, though, it is clear that Wagoner is not the person for the job. By urging his resignation, the Obama administration is showing other executives that it will not allow CEOs who fail to make...
...timing could not be more ideal. Days after President Obama fired the CEO of General Motors, and instructed GM and Chrysler to fix up fast or drive headlong into bankruptcy, college basketball's annual bonanza, the Final Four, has arrived in the Motor City to provide a much-needed distraction. What's even sweeter: Michigan State University, located just 90 miles west of Detroit in East Lansing, made the national semifinals this year, giving the locals more reason to cheer (unless, of course, they bleed the University of Michigan's maize and blue and wouldn't dare root...
...Down the Road Anyone who is in business in 2012 will get business. For all their problems, there's no question that the Detroit Three will have some competitive cars. GM has already made the case with its award-winning Chevy Malibu. The 2009 Buick LaCrosse recently topped all midsize competitors in the dependability ratings of J.D. Power & Associates. That's a positive sign, given that Buick is such an important brand for GM in China. Ford, which is in the best shape of the Detroit Three, has found success in its new Edge, in its F-150 pickup...