The end result is that G.M. will not become more like successful car companies.
It will become less like them. The federal merger will not accelerate the
company’s viability. It will impede it. We’ve seen this before, albeit in
different context: An overconfident government throws itself into a
dysfunctional culture it doesn’t really understand. The result is quagmire. The
costs escalate. There is no exit strategy.
Thursday, June 4, 2009
GM and Bankruptcy II
Here is another excellent opinion piece by David Brooks from the New York Times. The punch line:
Subscribe to:
Post Comments (Atom)
This is a very important controversy that this company is having because it is one of the largest automakers in the world. This company is going to try to come back strong but it is not going to as big anymore. They are cutting down on the amount of cars they are going to make and improve their quality.
ReplyDelete-Jay Mori
Yes--the Obama administration did the right thing--bailing out GM. Bailing out GM will allow the citizens of the US to own part of the company. GM is moving in the right direction--creating and designing cars that attract the urban outfitter; instead of the suburban guru.
ReplyDeleteOladipupo