What Gm Needs to Do for Future Growth.

{draw:frame} Chevrolet Corvette 1969 Image Source (1) GM and its strategic partners manufacture cars and trucks in 34 countries, in various brands and configurations: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Opel, Vauxhall and Wuling. United States is GM 's biggest market, followed by China, Brazil, the United Kingdom, Canada, Russia, Germany and India. General Motors Company obtained operations from General Motors Corporation on July 10, 2009. A sequence of slip-ups and mishaps led GM into bankruptcy. GM was unable to stop these incentives because competitors weren’t letting go either. One mammoth misstep was that GM scraped its program to develop an electric car, EV1. GM could have lead in this hybrid car market and offered green cars to the ever-increasing global market. By evaluating the above reasons GM should have filed for bankruptcy much earlier, as the world market was still strong and could have immersed the downfall better. Initial plans were set to produce 200,000 vehicles a year, for which Toyota would provide the main components, NUMMI would provide stamping and assembly operations, and other parts and components would be provided by suppliers in the United States. Production would begin with a compact car that Toyota sold and produced in Japan named Sprinter, but in the US it would be named Chevrolet Nova. Even Toyota was eventually impressed with NUMMI’s operations and decided to begin producing its famous Corolla FX-16s at the plant to be sold directly through its own Toyota dealerships. The experience for General Motors was mixed; sales for its Nova model were not going well, production capacity at NUMMI plant had been cut from 600 to 400 cars daily. Toyota only would let GM produce four-door models, in order to avoid conflict with its two-door Corolla. Nevertheless GM was working hard to put into practice lessons cultured from the plant, with a Technical Liaison Office at the plant documenting what was

References: "Professor Hopkins: Let GM Go Bankrupt | Economy." Home. Web. 23 Oct. 2009. http://www.ourblook.com/Economy/Professor-Hopkins-Let-GM-Go-Bankrupt.html. 10."What If GM Did Go Bankrupt..." BusinessWeek_ - Business News, Stock Market & Financial Advice_ "Lawmakers Fail to Save GM/Toyota NUMMI Plant; 4,600 Jobs —." Reviews & Ratings. Web. 23 Oct. 2009. http://www.cardealerreviews.org/?p=116918. "2012 Holden Volt - New Car and Used Car Pictures on Lincah.Com." Lincah.Com - New Car and Used Car Pictures