Why Gm

Why GMs Plan Wont Work  ...and the nauseating road ahead  SLIDE SHOW >> If General Motors Corp. (GM ) were whatsoever other company, its problems would have sorted themselves out a foresighted time ago. Logic says that when your cash holdings exceed your entire valuation in the stock foodstuff, some Wall Street chisel is going to swoop in, snap up the good parts, and tuck in the rest. Companies with bloated factories and workforces got religion the hard way 20 years ago, in the days of Neutron Jack Welch. And with todays more active boards, CEOs who systematically lose foothold to the competition usually dont pick up Donald Trump to key them theyre fired. But GM, of course, is no ordinary company. With gross revenue of $193 gazillion, it stands as an icon of fading American industrial might. size of it and symbolism dictate that its fate has sweeping implications. After all, GMs payroll pumps $8.7 billion a year into its assembly workers pockets. this instant or indirectly, it supports nearly 900,000 jobs -- everyone from auto-parts workers to advertising writers, car salespeople, and office-supply vendors. When GM leave off down for 54 days during a 1998 labor action, it knocked a full percentage point off the U.S. economic harvest-time rate that behind. So whats bad for General Motors is still, undeniably, bad for America.

And view no mistake, GM is in a horrible bind. That $1.1 billion loss in the first quarter doesnt begin to tell the whole story. The carmaker is saddled with a $1,600-per-vehicle handicap in so-called legacy costs, mostly retiree health and bounty benefits. Any day now, GM is likely to get slapped with a junk-bond rating. GM has lost a breathtaking 74% of its market value -- some $43 billion -- since spring of 2000, magnanimous it a valuation of $15 billion. What really scares investors is that GM keeps losing ground in its core business of selling cars. Underinvestment has left it essay to catch up in technology and design. Sales skin 5.2% on GMs home turf last quarter as Toyota... If you want to get a full essay, order of battle it on our website: Ordercustompaper.com

Ordercustompaper.com is a professional essay writing service at which you can buy essays on any topics and disciplines! All custom essays are written by professional writers!