GM's Future? Getting Bossed By Hyundai
Just yesterday GM announced their CEO, Fritz Henderson, was leaving his position immediately, with then-chairman Ed Whitacre filling in the top role. While no one is particularly surprised by the decision, it does represent a significant shift in GM’s movement not only forward but — more importantly — up, back to its old position of being a global contender in the automotive industry.
These analysts from The Wall Street Journal get together to discuss GM's future, and why the company is still struggling despite a government bailout. Problem is, GM's cars are fine from an engineering standpoint. It's just that they don't make enough, and management is keeping the whole operation from getting back on its feet.
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