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Old 05-07-2010, 07:57 PM   #106
BigAls87Z28
 
Join Date: Jul 2004
Location: West Long Branch
Posts: 13,598
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Id say based on GM's success elsewhere in the world, the problems are secluded to GM North America.
China, GM's joint ventures are raking in tons of money, and China now leads design on future Buicks.
GM Europe, while losing money due to massive amounts of funding for new products, is doing very well with its new Insigna and its new Astra.
Chevy in Europe is also expanding quickly as well. Its one of the fastest growing brands in Europe and China.
And Holden...well Oz's best selling car is a RWD, 2 ton V6 and V8 powered sedans with Lions on the front.
GM's financial problem was not because they were just burning 100's to light thier cigars, they were in the middle of a massive product surge. They were caught with thier pants down due to high labor costs, and banks failing left and right, leaving them no where to turn to for money.
GM had to show off its future products some 3-4 years into the future to the ATF in order to get any money.


GM North America has been its weak spot, and for good reason.
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