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U.S. automakers face the music

Published Monday, March 30, 2009

Despite the departure of chairman & CEO Rick Wagoner and billions in financial aid from the federal government, General Motors still faces a long, tough climb back to solvency – one that won’t be solved without a far more serious corporate restructuring, according to experts. "One guy going is not going to change GM – a lot more cleaning out at the company must go on," analyst Chris Brady, president of Commercial Motor Vehicle Consulting (CMVC), told FleetOwner. "The product they make is good now; the real problem is that they’ve never taken ...

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