GM gets out of the river in 40 days, new GM is too quick to question

Source: Internet
Author: User
Keywords Cable TV Washington Post made
Tags american media change distributors economic economic situation it is media process
General Motors, July 10, completed the bankruptcy reorganization process, only 40 days to change the new GM back to the lake. His chief executive, Henderson, said the new GM was passionate, "the next step is to see how we behave." But given the grim economic situation, most American media think the future of the new GM is still a tortuous path.  The new GM is certainly a lot better than it was 6 weeks ago, but it is likely to stumble again, CNN said. Under the restructuring plan, the old GM sold its best assets to the "new GM", and the remaining debt, brands and distributors would gradually be stripped away. The U.S. government has become a major shareholder in the new GM, with a 60.8% stake. Henderson 10th painted a tempting prospect for the new GM: a break-even next year, a profit in 2011 and a return to the government's 50 billion capital injections in 2015, and the IPO in the second quarter of 2010. Henderson also announced on the same day that the new GM would work with ebay to auction new cars online, but ebay said they had not reached a final agreement.  A car analyst told the New York Times 11th that GM's rush to co-operate with ebay was meant to show that "GM will not be caught up in the old ways of the past, and they'll try new ways". The CNN commentary lists the challenges for the new GM: first to halt the long-term decline in the US car market; it still faces high costs compared with those of its Asian rivals; it is not easy to change the consumer's negative understanding of GM's quality and fuel-consumption rate; It has to count on a recovery in the US economy and a rebound in the car market.  Any one of these challenges poses a dilemma for a company, and GM has to do it all, which is why many experts question the new GM. The Washington Post said 11th that the new GM has fewer brands, fewer dealers and fewer workers, and will usher in a new corporate culture. Some critics say the new GM was built on old foundations, "it is impossible to omit the radical changes necessary". Even after the birth of new GM, many people are claiming that GM should be completely bankrupt. The Detroit News 12th commentary is more pessimistic about the future of the new GM. The article says that when it is owned by private capital, GM operates like a bureaucracy; it is now largely controlled by the government, claiming it can operate like a venture enterprise. GM now has a great corporate strategy, but under the constraints of politicians, this strategy cannot be achieved.
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