Sunday, September 21, 2008

Crunching times at General Motors

As the US economy is heading for worst, it seems to be drugging along the once automotive giant, General Motors. The company is celebrating it's 100th year but the current financial status has never been at such low.

It is said that 'too little too late' had become the company moto and any good ideas were well behind the fierce global competitive market.

It has to be said that this is an earthquake in the automotive industry as GM owns many brands including Buick, Cadillac, Chevrolet, Hummer, Pontiac, SAAB, Opel, Vauxhall and Daewoo amongst others.

Conversations are continuing and industry analysts are wondering if the United States government will bail out the large car manufacturers to avoid a deepening of the economic crisis with increasing rates of unemployment.

One way or the other, things are never going to be the same for General Motors.


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