Friday, January 13, 2006

Of General Motors' troubles of late

General Motors knows it has been in trouble for a while but this statement from Mr Okuda is interesting:
"I don't know its real internal situation, but I think General Motors is in quite a serious financial crisis,” said Okuda. "As far as I look at the situation as an outsider, its market share has declined and it has failed to produce quality cars. It attempted to sell its financial subsidiary, but the affiliate ended up unsold."

It gets even more interesting when you see that Mr Okuda is the chairman of Toyota Motor Corporation.

I think Mr Okuda sees a nice fat healthy bonus appearing in his bank account if he can crush GM a little more.

General Motors is in trouble, says Toyota chairman - Autoblog

No comments: