Quote:
Originally Posted by quagmire
GM started to restructure after 2005...... It just ran out of money to continue its restructuring due to the financial crisis........
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Partially correct. If left on its own GM would likely be out of business as it took the government bailout to make them restructure as severely as needed. The embedded GM culture would never see how bad they screwed up. I have a friend deeply involved in the financial restructuring and the reason the Feds fired Wagoner was he did not understand how much change was needed.