Why did GM, the world s largest car company, fall?

Updated on Car 2024-04-14
22 answers
  1. Anonymous users2024-02-07

    GM has maintained its position as the leader of the global automotive industry for more than half a century. First, the labor cost is 70% higher than that of the opponent and the huge burden of retired employees is increasingly overwhelming; Second, the unexpected financial tsunami made the hope of betting on Wall Street and getting investment from the capital market to tide over the difficulties come to naught; Third, the development cost of new energy and new technologies is huge, but there is no product competitiveness; In addition, the deadline has arrived, there is no hope of rectification, and the day of bankruptcy protection has finally come.

  2. Anonymous users2024-02-06

    The rise of local independent brand enterprises.

    Two takeaways have been drawn: one is that the boundaries of the automotive industry are changing, and the other is that the business model of the traditional automotive industry will change.

    Automotive business. For each price point, GM generally launches a new model every two years to meet the changing market demand and gain a competitive advantage. It was this constant product innovation that enabled GM to overtake Ford in 1930 to become a leader in the automotive industry in 10 years.

  3. Anonymous users2024-02-05

    Reasons for the fall of General Motors: 1. Welfarism. In the United States, General Motors is the pride of the sky, and GM employees enjoy full benefits, which makes GM as a company carry a heavy burden, that is, when the financial crisis broke out last year, when GM was in danger, GM's employees still refused to reduce their income, but only wanted to blackmail **, hoping to get through the rescue of **.

    2. Rest on your laurels. GM has always only seen its position as the leader in the global automotive industry, and ignored the rise of competitors, especially Japan and Europe, resulting in GM products gradually falling behind, and finally collapsed in this once-in-a-century crisis. Therefore, the fall of General Motors and the financial crisis were just the "last straw that broke the camel's back", and the real reason was its lack of intrinsic competitiveness.

    We know that competition is the core driving force for the continuous progress of capitalist society (or market economy). An enterprise that lacks competitiveness is bound to fall on the road to development. The American society is a typical capitalist society, and the market economy theory they pursue makes their market have a very strong self-repair function, that is, the market eliminates the backward through the market, and the advanced is supported by the market, and everything is decided by the market.

    General Motors has now entered the bankruptcy protection process, and the United States and the American people must reflect on the 101-year history that General Motors has gone through, regardless of whether General Motors can get out of the desperate situation of bankruptcy protection and be reborn, the United States, the global auto industry leader, will inevitably be able to learn enough lessons in this crisis to rebuild a new auto giant. I think that's the positive thing about GM's bankruptcy.

  4. Anonymous users2024-02-04

    General Motors is really the largest multinational company in the world's Sonay automobile manufacturing industry, the production chain is produced and sold in the world, there are Chevrolet, GMC, Baojun, Kaitan Sendilac Hanyingmu and other brand series cars, the company's business involves the world.

  5. Anonymous users2024-02-03

    Yes, that's right, General Motors is the world's largest multinational corporation in the automobile manufacturing industry, and its industry is very large, with many branches and one of the major industrial monopolies in the United States.

  6. Anonymous users2024-02-02

    Yes, the development of this company is very good, which can ensure the foreign trade transactions of this company, which is conducive to promoting the development of this area.

  7. Anonymous users2024-02-01

    Founded in 1908, General Motors has been the world's largest industrial company for nearly 50 years. It has more than 130 manufacturing and assembly facilities in the United States, employing more than 700,000 people. It has more than 60 wholly-owned or joint ventures overseas. In 1992, General Motors sold more than 7 million vehicles worldwide, accounting for one-sixth of the world's total car sales.

    At the 1993 International Car Show in Beijing, an extra-long luxury Cadillac sedan produced by General Motors stood out: the car had a bar, refrigerator, Simmons, bath, CCTV, etc. It is said that this name-brand car has become a symbol of status and status.

    The United States, such as Roosevelt, Eisenhower, Nixon, Reagan, Bush and the incumbent Cradling Potato Linton, all chose Caddy Lake as the special car for Chaixiang Mountain. The Cadillac produced by General Motors has formed a series, with dozens of models, and there are ** types that come out every year.

    Buick cars are also the long-standing flagship products of General Motors. From the company's founding, Buick cars became famous all over the world, and in 1984, Buick sold more than 1 million vehicles, becoming one of the financial pillars of General Motors.

    At present, General Motors produces more than 100 models of cars and trucks in 11 series, including Cadillake, Buick, Chevrolet, Pundiak, Saturn, etc.

    Like other large multinational corporations in the world, General Motors is not only concerned with automobile production as the most important sector in Guangzhou, but also involved in insurance, electronics, information and other industries.

    General Motors attaches great importance to the Chinese market and has established the Jinbei General Motors Manufacturing Company in Shenyang and a number of auto parts production joint ventures across China.

  8. Anonymous users2024-01-31

    Previously, it was commented that if the strike takes effect, the production and operation of dozens of GM factories in the United States will be suspended, and once the strike starts, GM's production and operation in the United States and even the entire North America will be suspended, and the US economy will also be destroyed.

  9. Anonymous users2024-01-30

    Once the strike begins, GM's production operations will be shut down across the United States, and even throughout North America, and the U.S. economy will be hit as a result.

  10. Anonymous users2024-01-29

    GM's production and operations at dozens of plants in Sakurabu across the United States will be shut down, and once the strike begins, GM's production operations will be shut down across the United States and even throughout North America.

  11. Anonymous users2024-01-28

    Previously, there was a ** comment that if the Naxin strike takes effect, the production and operation of dozens of GM factories in the United States will be suspended, or it will affect the entire economy of the United States.

  12. Anonymous users2024-01-27

    I think if it goes on like this, it's going to really go away.

  13. Anonymous users2024-01-26

    The shutdown of production operations at dozens of GM plants across the United States could affect the entire U.S. economy.

  14. Anonymous users2024-01-25

    I think the reason why I was disliked was because there were some problems with the car itself.

  15. Anonymous users2024-01-24

    The reason for the bankruptcy of the American General Corporation: welfarism. In the United States, General Motors is the pride of the sky, and GM employees enjoy full welfare benefits, which makes GM as a company carry a heavy burden, and the financial crisis broke out.

  16. Anonymous users2024-01-23

    There will definitely be a reason for the general strike of the car companies, and it will not happen for nothing.

  17. Anonymous users2024-01-22

    This is because he is no longer a hot factory, so everyone has worked.

  18. Anonymous users2024-01-21

    Because there may be a lot of new development of the automobile industry, this one is eliminated.

  19. Anonymous users2024-01-20

    Because the market competition is fierce, and it is normal to be eliminated by the times.

  20. Anonymous users2024-01-19

    This is because he is no longer a hot factory, and the impact of the strike is not significant in the short term.

  21. Anonymous users2024-01-18

    This is because it is inextricably linked to the relevant social environment.

  22. Anonymous users2024-01-17

    I think there must be some reason, don't you think that's the case?

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