Can GM revive its old dominance in auto industry?
General Motors Corporation (GM) (NYSE: GM), is a global automaker founded in 1908 with headquarters in Detroit, Michigan. It is the world’s second-largest automaker after Toyota, ranked by 2008 global unit sales. GM was the global sales leader for 77 consecutive calendar years from 1931 to 2007. It manufactures cars and trucks in 34 countries. GM employs 244,500 people around the world, and sells and services vehicles in some 140 countries. In 2008, 8.35 million GM cars and trucks were sold globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Hummer, Opel, Pontiac, Saab, Saturn, Vauxhall and Wuling. General Motors executive Fritz Henderson has been hard with Obama administration to restructure GM and bring it out of the recession. However all the steps being taken by the two would only help in survival. They are not building a company that is innovative. To be successful in auto industry as soon you loose the top position you should be ready to compl
