Quote:
Originally Posted by Skyman 08
Do you not know it costs money to make changes? it cost money to close plants and divisions, (like Oldsmobile), It costs money to restructure. that is where the debt is coming from... ANYONE that tries to restructure GM is going to run into the same problems. I Would rather have someone from the Inside try to restructure the company than from someone that has not a clue to what has been going on to come in and start from scratch try to fix things.
|
Do you know it costs more money to keep things status quo than it does to make changes? Status quo has done far more damage to GM than the current economical downturn. 700 billion dollars is from restructuring? No way! It's obsurd for any company on the planet to think they can remain viable with that much debt. Take a moment to calculate how many cars GM must sell every year in order to service that debt. You'll quickly realize that even if they double car sales next year, they will still not be able to make money.