Rocky1974 Wrote:
Aug 19, 2012 1:58 AM
Besides if having 18% market share makes you go bankrupt, then they’re all going bankrupt, because everybody else has less. The old GM used to be criticized for going after market share at the expense of profits. The new GM is doing exactly the opposite and now they’re being criticized for that. GM was forced to give up four of their eight American brands in restructuring, representing about 20% of their volume. I’d say that after giving up 50% of their brands representing 20% of their volume, the fact that they’ve only lost 2-3% market share is an outstanding achievement.