General Motors Corporation Restructuring Plan for Long-Term Viability Submitted to Senate Banking Committee & House of Representatives Financial Services Committee December 2‚ 2008 TABLE OF CONTENTS Page 1. INTRODUCTION ...........................................................................................................4 2. BACKGROUND .............................................................................................................6 3. THE PROBLEM ..................
Premium General Motors Pension
OVERVIEW AND ANALYSIS OF GENERAL MOTORS "General Motors has no bad years‚ only good years and better years" (Sloan‚ 1972). This mantra established in 1950 by former GM president Harlow H. Curtice may have been true at one point‚ but is called into question today by many‚ including Wall Street. By many standards‚ General Motors is an extremely successful company‚ though an analysis of the corporation today uncovers many troubling issues. GM is and has been the world ’s leader in automotive
Premium General Motors
competition. The project analysis is based on General Motor’s Company‚ which has seen ups and downs in its illustrious history. The establishment or entry into the automotive market wasn’t a difficult task for GM. The company’s financial situation was hit with severe competition from foreign rivals and its internal regional alliances. The other external factor that resulted in GM’s bankrupt situation is recession period. Applying‚ generic decision making strategies made the company recover its lost
Premium General Motors Automotive industry Ford Motor Company
General Motors (GM) is one of the largest companies involved in the business of designing‚ building‚ selling and servicing automobiles and parts in the global market. Company owns several brands such as Chevrolet‚ Cadillac‚ Buick‚ Pontiac‚ GMC‚ Oldsmobile‚ Opel‚ Hummer‚ Saturn and Saab Founded by William “Billy” Durant in 1908‚ GM held only Buick Motor Company initially‚ but in a matter of few years acquired more than 20 companies including Oldsmobile‚ Cadillac‚ and Oakland‚ today known as Pontiac
Premium General Motors Automotive industry Automobile
GENERAL MOTORS CORPORATION & THE VOLKSWAGEN GROUP INTERNATIONAL FINANCIAL STATEMENT ANALYSIS Group Members Jose Cervantes Hilda Patricia Moreno Aracelis Nass Keila Urdaneta Florida International University ACG 6255 International Accounting Professor Leonardo Rodriguez Summer 2008 TABLE OF CONTENTS Objectives ………………………………………………………………………………………………………………………………………………………3 The Automotive Industry ……………………………………………………………………………………………………………………………….4 The Automotive
Premium General Motors Automotive industry Financial ratio
comparing data from 1993 and 1994 Very well researched General Motors - Financial Ratio Analysis I. General Motors History Highlights In its early years the automobile industry consisted of hundreds of firms‚ each producing a few models. William Durant‚ who bought and reorganized a failing Buick Motors in 1904‚ determined that if several automobile makers would unite‚ it would increase the protection for the group. He formed the General Motors Company in Flint‚ Michigan‚ in 1908. Durant had bought
Premium Financial ratios Financial ratio Generally Accepted Accounting Principles
General Motors (GM) has a number of reasons for the failure of the company. The main issue that was the most efficient problem was the management inability to foresee and take dynamic action to change. Organizations change in better interest of the customers. Management has to be proactive when deciding on what changes requires active action. Failure to adapt to a positive change will lead the organization to an unsuccessful path. Therefore‚ if organizational performance changes negatively‚ the
Premium Management
1. What issues would you take into account? The stakeholders welfare‚ responsibility towards the society (in this case it can be identified as United States or as broad as the global inhabitants) which includes environmental issues‚ and also the ethics. For sure one more important issue is profitability or survivability of the firm. All of the issues mentioned earlier may be thought of as means for ensuring the long-run success of the company. 2. What major sources of uncertainty do you face
Premium Ozone depletion
COURSE TEMPLATE 1. Course information 1.1 Course number 1.2 Course Title 1.3. L-T-P structure MEL342 POWER PLANT TECHNOLOGIES 3-0-2 1.4 Status DE for ME1‚ OC for others 1.5 Pre-requisites MEL242 (Energy Conversion) & AML140 (Mechanics of Fluids) 1.6 Course coordinator Sunil R. Kale 2. 2.1 Credits 4 Schedule Lectures Tu‚ Th & F 11 to 11:50 AM Video Studio (G.F.‚ MS Bldg) via NKN to IIT Mandi and IIT Ropar 2.3 Practicals
Premium Electricity generation Cogeneration Coal
Chuck Jones aimed to have a new design decision process supported by data and surveys instead of a return or payoff on the investment approach. At first when he presented his idea‚ authorities requested poof and Mr. Jones was unable to show them proof. Then M. Jones started his process. 1. As a first step‚ he surveyed 15 "design-centric" companies‚ including BMW‚ Nike‚ and Nokia. To his surprise‚ few had a system for forecasting return on design 2. Mr. Jones needed to provide a new plan to focus
Premium Decision making