Tuesday, September 22, 2009

Life After Bankruptcy is Uphill Battle for GM


Posted by Kenny Hernandez

General Motors' rapid trip through bankruptcy is done. Now comes the hard part.

To start, the automaker has to stem a decades-long slide in U.S. market share.

Despite having made significant progress closing the labor cost gap, GM still faces significant costs, such as those for underfunded pension plans, not faced by its nonunion Asia rivals.

Click here to continue reading

No comments:

Post a Comment