CEO Fred Henderson Sheds Light on the State of GM
It’s common knowledge that America’s Auto Industry is suffering in the recent financial crisis. However, few people could have predicted that a push by US officials for GM to make financial cutbacks could possibly result in GM declaring bankruptcy on June 1st. It could be argued that the Automobile Industry has been hit hardest by [...]
GM Pushes to Meet June 1st Deadline for Financial Cuts
With the recent state of the economy, it’s only natural that the auto industry is also feeling the economic squeeze. However, no one accurately predicted just how much of a financial hit General Motors would take. At the end of 2008, General Motors owned over 6,000 dealerships. With the recent viability plan that GM has [...]
