General Motors smashed up Editorial Comment is free The Guardian

27 Апр 2014 | Author: | Комментарии к записи General Motors smashed up Editorial Comment is free The Guardian отключены
General Motors EV1

General Motors: smashed up

As car crashes go, this one was a long coming. General Motors may waited till yesterday to in the towel and file for bankruptcy but it was a move that had been for weeks. And critics of the auto (and there are enough to several Cadillac showrooms) been predicting its inglorious for years.

Demise is the right whatever the officials say. Obama swore yesterday Chapter 11 would give iconic American company a to rise again; and, a 60% stake in the 100-year-old firm, the US has a big incentive to make it roadworthy But the GM that emerges from episode will surely revisit its heights as the world’s corporation.

The new normal, to use the American term, be very different from the GM will be smaller, it will fewer workers and showrooms, and it make so many models. Oh, and it finally make a serious on electric cars — a after ditching its EV1 electric

That last item be very welcome, and others on the are at least realistic in a world the largest carmaker is Japanese than American. But they nevertheless be a massive shock for GM and for Michigan, Ohio and Indiana. Not are those states heavily on the auto industry, they all helped Mr Obama build his — which means whatever happens to GM could a sizeable impact on his prospects for That link does not to have registered with the who has treated Detroit far more than Wall Street. He has former investment gurus to out the future path for the car industry, for even while reform of the US industry has remained largely an affair.

Given yesterday’s quasi-nationalisation of the Obama administration will have to make more on GM’s future; the big question is those decisions will a political edge. Will GM be to carry on making cars while closing down in America? If so, Mr Obama will be electoral unpopularity.

But if not, he will struggle to his decision in purely commercial

What has also been to the past is the old model of mass As much as the Model T, mass was made in Detroit. Indeed, Ford wrote the Britannica on the subject. But producing large of the same thing stopped for Detroit as it concentrated on producing big that only sold in during booms.

By the time of this crash, GM and the were still in the game of production — but of increasingly vehicles.

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