GENERAL MOTORS

THE WRONG STRATEGY:

The management of general motors, was not already so good before the financial crisis. It precipitated him in the grave. The group was not able to scale his strategy against new Asian competitors more flexible and more competitive. It is also locked in a loss of speed sector like, large vehicles as the Four Wheel Drive Car (4x4) which are very greedy in energy . They didn’t succeeded to develop green vehicles and less pollutant.

After accumulated more than 70 billion losses since 2005, bankruptcy is logical. The State may not abandon this US industry. Bankruptcy pure and simple could make 2 million unemployed people next year.

THE ELECTRIC CAR OF GENERAL MOTORS :

Americans could drive already for many years with electric cars 100 % American and not with the TOYOTA PRIUS!

The fascinating story of general motors still hallucinatory, because the electric car was ready in 1996 in General Motors Labs: the EV1 had great performances! 200 km of autonomy and peak speed has 240 Km per hour!

The EV1 was just for rent and was not planned for commercialization.

Customers were ready to buy this new revolution car.

But The EV1 will be destroyed by GM himself . Indeed, at this moment talk about ecological strategy was not the priority of each automaker all over the world. Oil industry was better profitable than green industry, the strategy was already established.

THE MAIN CAUSE OF THE BANKRUPTCY

Due to financial crisis, American families should be reduced a household budget, the car replacement becomes the first post expense removed.

Under these conditions, how buy a new car without credit without any input? No money, therefore, no purchase. The only way to have a new car is to submit to a consumption credit to buy a car.

. However, to obtain these appropriations, American families used to take a new mortgage on their home. This system could work when the House in question is taking the value - in