4 ms·
GM didn't fail because of product, that failed because of lack of management talent. GM had vastly higher costs than it competitors due to a heavily unionized w
by ig1 15y ago
GM didn't fail because of product, that failed because of lack of management talent. GM had vastly higher costs than it competitors due to a heavily unionized workforce, long term dealership contracts that were losing them money, and a huge pension deficit (roughly $1500 from every GM car sold goes to paying pensions). It didn't matter how great their products were, they'd never be able to compete with new or foreign car manufacturers.
- bane 15y agoIt also didn't help that, by and large, their products were absolute rubbish.
- razzmataz 15y agoIn the past decade, product really seemed to matter. I knew a few Saturn owners who loved the car, but the sedans that were being sold in the last five years of Saturn's life did not appeal to them, and that shows in the sales figures too.