GM looks to be possibly nearing its point of no return (bankruptcy may be its only option now). But, what if someone else stepped in at this point? Let’s say Toyota stepped in and bought a controlling stake in GM, and supplanted GM’s leaders with those of its own. Then those leaders did away with all the traditional GM ways that resulted in its current situation, or least cut back on as many as possible. It could be a turning point for GM, keeping them out of bankruptcy and even, best case scenario, putting them back in the black at some point. You have your doubts? It’s been done before, in very recent times, with the same skepticism. Check it out for yourself. Web search for “Nissan Renault Ghosn bankruptcy” and start reading.
April 13, 2009
Automotive
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