- Dec 8, 2008
NYT argues GM engineered its own downfall
At least that's the way this New York Times story looks at GM's recent history. Through several interviews, the newspaper paints a picture of a company driven more by short term profits than ingenuity. GM board member George Fisher is quoted in the story saying, "We were late on hybrids. Why were we late? We made a business decision as opposed to a marketing decision. That's probably a mistake, in retrospect."
For GM's sake, hopefully the company's leaders have learned from history and will renew the automaker's innovative spirit with or without its pending government loan.
[Source: The New York Times]