I couldn’t imagine the fate of GM. Probably how it would be and i will be after June 1. I have a reason to say so and GM is our customer. I can predict, if we stay with GM, then we may have a heavy load of work after its recovery from Bankruptcy.
But the question is…how is it going to handle all of its changes.
The handling of thousands of dealers, brands, parts, employees, suits, etc…etc… is really a biggest job for its CEO and team.
I cannot assume how a proud leader of american industry is going to file bankruptcy.
One thing cleary states that there is no people to question the CEOs moves. Such CEs like Rick has to be sacked immediately. He couldn’t sack the brands even after knowing that its producing loss. A CEO should think that company is his company. Otherwise it would end up with a scenario that will yield sympathy and anger towards its leaders.
“Despite substantial progress on many fronts, Chrysler was not able to obtain the necessary concessions from all of its lenders, which would have avoided the need for a bankruptcy proceeding. As a result, under the direction of the U.S. Treasury, Chrysler LLC and 24 of its wholly owned U.S. subsidiaries today filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in U.S. Bankruptcy Court for the Southern District of New York.
“Even though total agreement was not possible, I am truly grateful for all that has been sacrificed, on the part of many of Chrysler’s stakeholders to reach an agreement in principle with Fiat,” said Nardelli. “My number one priority has been to preserve Chrysler and the thousands of people who depend on its success. While I am excited about the creation of the global alliance, I am personally disappointed that today Chrysler has filed for Chapter 11. This was not my first choice.” ”
We cannot state the work and pressure that were experienced by Robert Nardelli and his team…
The 47th governor of Michigan,Jennifer M. Granholm’s work so far is truly outstanding in helping out the big threes and protecting the interests of the employees and their families.
At times, i have wondered and feel when will my country going to get the statesmen and women like them…
What puzzles me is how does Lehman‘s bankruptcy different from Chryslers’ though both are filed in Chapter 11 and moreover i am worried about whether General Motors will follow the Chrysler’s steps???