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Originally Posted by Supermans
Lowering labor and operating costs overall and making profits will be the only way GM can ever even begin to break even which in turn all the profits from that point on will pay back those former stock holders who got the worst end of the deal. They are not holding their breath thinking they will ever see that money lost again. And most of those stockholders were the fat cats anyways, nobody cares about them since they still have enough money in the bank.
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Quote:
Originally Posted by Supermans
Yeah, the main culprit was years and years of legacy costs going up and up until it was almost impossible for the company to make a profit. Ultimately there is more than that however I feel that was the biggest reason.
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This man hit the nail on the head.
