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Could GM or Chrysler have pulled it off?
Ford managed to survive the recession without government aid by seeing what was coming and taking out some loans, investing, trimming some fat (Jaguar, Land Rover). GM did the same thing, but they were already in the hole when they started frantically axing all of their brands and taking donations. My question is, could GM (and Chrysler to a lesser extent) have survived on their own if they were smarter or saw what what coming, or was the old GM's business model too convoluted and outdated to function without a complete overhaul?
1 Answer
- ?Lv 61 decade agoFavorite Answer
In this highly competitive world, it is necessary that one has to move to newer and competitive items of any nature giving a face-lift to the already prevailing models. Then only one can survive. The same thing has happened with GM and Chrysler. They must have understood that sticking to the older versions, would not be able to compete with the models of newcomers with changed versions. So, according to me, a complete face-lift in Corporates is necessary for survival.
Source(s): experience and opinion
