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3 years, 2 months ago

How much cost cutting will GM need to survive?

GM Bondholders don't think GM has cut enough cost. GM say it has: 47,000 jobs, five plants in North America, and restructuring Opel in Europe. How much cost cutting does GM need to survive?
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cherman | 3 years, 2 months ago
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According to most analysts, more than 10B per quarter.

http://www.huffingtonpost.com/steve-parker/can-gm-survive_b_113740.html

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davepamn | 3 years, 2 months ago Report

Will you provide the analyst reference source?

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eatthatpopcorn | 3 years, 2 months ago
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Even with the bailout (which I was against), they are about to go bankrupt (and are asking for MORE money). People simply aren't buying their cars, so drastic measures must be taken.

They need to cut half of their costs (yes, that's a lot). They must focus on cars of the future (hybrids, electrics, etc), make them reliable, and make them look nice (I'm not sure why they're unable to do this).

They should focus on about 5 different models, instead of 15 or 20.

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