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Industry: Email Alert RSS FeedWagoner says GME is better off, but still has 'plenty of work' to do; GM CEO says cost cutting has improved Opel's overall position.(general motors corp)
Automotive News Europe, January, 2006 by Stein, Jason
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Byline: Jason Stein
It is an understatement to say 2005 was a bad year for General Motors.
GM was plagued by a rash of bad news, including a decline in North American market share; junk rating of GM bonds; bankruptcy filings at Delphi Corp., GM's largest supplier; and a changing sales mix as North American customers opted out of SUVs for more fuel-efficient crossovers and cars.
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"It started out bad, and it got worse," GM CEO Rick Wagoner said in an interview with Automotive News last month. "We just couldn't react. It really highlighted [that] the ...
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Most Popular Articles in Autos
- Service Slants
- 2007 utility vehicle buyer's guide: Side-By-Sides are popular; here's who ...
- Transmission considerations: beyond the manual gearbox
- Buell Motorcycle engineering, innovation, & dedication: in an industry ...
- 100 + 10: America's oldest automotive magazine celebrates its 110th year ...
- More »