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Industry: Email Alert RSS FeedGM's global strategy was a costly flop.(General Motors Corp.)
Automotive News Europe, May, 2006 by Guilford, Dave
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Byline: Dave Guilford
General Motors' April deal to sell its 7.9 percent stake in Isuzu for $300 million drew a muted reaction. GM has liquidated much larger assets lately. Isuzu seemed an afterthought.
But the deal had significance beyond its dollar value. It marked the demise of a major GM global strategy and was a reminder that, as much as GM has been battered by rising gasoline prices and legacy costs, some of its wounds are self-inflicted.
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The strategy that so quietly slipped into oblivion was GM's scheme for world domination. Known as the global alliance strategy, it ...
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