Motor City Challenge: “Failure Is Not An Option”

Motor City Challenge: “Failure Is Not An Option”

GM Entering Bankruptcy and Chrysler Poised to Exit

Reading the Wall Street Journal or watching the nightly news makes it seem inevitable that GM will enter bankruptcy soon.  This is not an unexpected event as reported in the Tribune over the past months.  Chrysler appears to be on the verge of coming out of bankruptcy, and this is one fast trip in and out!  GM is too complex for a speedy journey like Chrysler.

Deadly Symbolic and Deadly Serious

In some ways this is symbolic and in some ways it is deadly serious.  Looking at the deadly serious side GM absolutely must be re-cast properly for the good of the US and all of North America if you take the proposition that GM is worth saving and the Tribune takes that position.  However, re-casting GM is not simple from the business plan side of the equation and it is imperative that the new business plan must “hold water” otherwise the entire Government assistance plan is flawed.  The New GM absolutely must have a viable business plan.  … Continue Reading

GM & Chrysler Reorganization Opportunity

Now that they are at the brink of collpse, GM and Chrysler have an opportunity to restructure their businseeses to be successful in the 21st century.

For the past 30 years American “Big 3” automakers have seen their market share drop from 75% to 45% or an average annual loss of 1% per year. Loss of market share and today’s crisis economy have effectively put Ford, GM, and Chrysler in peril. Fortunately, Ford recognized several years ago that it had to restructure to survive and today they are the one automaker not seeking Federal assistance. Ford products coming into the market in 2009 show company vitality and provide strong quality and customer value. … Continue Reading