World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Kicking the Tires on the General Motors Deal
Keywords:
Tags:
The WPost editorial says more money may be needed in the future than the $50 billion the government has already committed to GM. A lot of the basic steps have been taken in the Obama restructuring, closing brands and dealerships, cleaning up the balance sheet, bringing costs and benefits in line with foreigh nonunion plants. But, says the Post. the auto task force wanted to see 16 plants closed, the agreement will close 14 plants and three of them will be idled instead of shut down, with GM paying maintenance and other costs. Breakeven is at 10 million vehicles per year market but this depends on GM's market share. If the market at 9.5 million vehicles per year at present shrinks further in 2010, and GM's market share faces more pressures from competition, the prospects of GM making money will dim.
The new GM and the problems it will continue to face.
02/13/2006
GM faces intense competition in a shrinking market. And building appeal to younger demographics customers is critical to GM.
Grouped Articles
Some G.M. Retirees Are in a Health Care Squeeze
New York Times 11/10/2008
Detroit Auto Makers Need More Than a Bailout
Wall Street Journal 11/10/2008
Wall Street Journal 11/10/2008
Skeptics Present Another Obstacle for GM
Wall Street Journal 11/12/2008
Wall Street Journal 11/12/2008
Auto-Industry Crisis Tests Obama
Wall Street Journal 11/08/2008
With $5 trillion of new debt issue estimated in 2009-2010, the prospect of continued bailout of auto industry for years dims outlook for reversing this.
06/03/2009
Some experts point to the need for a 50% reduction in capacity in the auto industry from 2008. Demand may be lower than the 9.5 million vehicle year that the auto task force says is needed for GM to breakeven. This will mean continued government aid to the industry for a number of years.
Linked Articles
Rising Interest on Nations’ Debts May Sap World Growth
New York Times 06/04/2009
Kicking the Tires on the General Motors Deal
Washington Post 06/03/2009
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us