And GM produces many brands around the world, including 1929' s acquisition of Opel in Germany. However, it is the satisfaction and pride of leadership that ruined GM's future.
2. The high pension and the medical expenses of retirees are constantly expanding. 1973 after the oil crisis, Japanese cars strengthened their export offensive by virtue of their small size and low energy consumption. 199 1 year, the share of Japanese cars in the American market exceeded 30%, resulting in huge losses for the three major American auto giants headed by GM.
3, so complacent and neglect to strengthen their own competitiveness. Many people believe that this makes American local manufacturers such as GM take it lightly, ignore strengthening competitiveness and continue to rely on the traditional model of large cars.
Many GM's fuel efficiency is low, and with the soaring gasoline price, their sales have also dropped rapidly. Since last autumn, the financial crisis has intensified, causing a fatal blow to GM and breaking the capital chain.
Extended data:
In 2009, it went bankrupt and reorganized.
On June 1 day, 2009, at 8: 00 local time, according to Chapter 1 1 of the United States Bankruptcy Law, a bankruptcy application was formally submitted to the bankruptcy court in new york. GM was founded in 1908. According to Chapter 1 1 of the United States Bankruptcy Law, GM will become the third largest enterprise in the United States, the first largest manufacturing enterprise, and the second largest enterprise whose employees are involved in bankruptcy.
At the same time, this is another bankruptcy of the global auto giant after Chrysler filed for bankruptcy protection in the American auto industry.
2010165438+1October 18 American general motors, which delisted a year and a half ago, returned to wall street.
A year and a half after filing for bankruptcy protection, General Motors completed the reform and streamlining, the new company went public, and its stock soared. This is a huge turning point for General Motors, which once needed the US government and other governments to provide 50 billion dollars in emergency loans to tide over the consequences of economic downturn and its own mistakes.
References:
Baidu encyclopedia-general motors