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Article: New GM Emerges From Bankruptcy; Edmunds.com Comments.
- Article from:
- Journal of Transportation
- Article date:
- July 25, 2009
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A new General Motors emerged from Chapter 11 bankruptcy today as what is promised to be a leaner, greener car company. In addition to announcing the formation of the new, government controlled GM, it announced a plan for how the company expects to become profitable, focusing on customers, cars and culture.
"In recent years, GM has been burdened by its history, making it almost impossible to be truly competitive. This government supported bankruptcy, while controversial, has created an opportunity--but not a guarantee--of success for the new GM," said Jeremy Anwyl, CEO of Edmunds.com.
"GM is fortunate to get another shot, most likely its last one," said ...