Detroit, 10. July 2009 – general motors today announced its fresh start. "Today marks a new beginning for general motors," gm ceo fritz henderson said at the company’s detroit headquarters, the renaissance center – literally "center of rebirthbirth". So the name fits: after just 40 days, the world’s largest automaker has emerged from bankruptcy. However, the new gm group, freed from many legacy ies, is now majority state-owned. In return, well over 50 billion dollars (36 billion euros) of taxpayers’ money is being poured into the company for its rehabilitation.
Short and hard bankruptcy
this only on the 1. The creditor protection proceedings filed by the 100-year-old traditional corporation on june 1 were the coarsest in u.S. Industrial history to date. It proceeded much faster than some experts had expected. After already tough cuts, more than a dozen plants and 40 percent of the dealers will be closed again. Tens of thousands more jobs to go. In the future, gm plans to focus its efforts on the chevrolet, cadillac, buick and gmc brands.
Buying a car on ebay
in today’s press conference henderson explained his motto for the future: "customers, cars and culture". In the future, the executive board itself also intends to seek far more contact with customers than in the past. Fritz henderson wants to go on monthly trips starting in august to listen to their opinions – but also those of handlers, suppliers or employees. "If we don’t take customers seriously, nothing will work," henderson said. What came as a surprise was the brief announcement that a collaboration with ebay would be tested in california in the coming weeks. Cars will be able to be purchased by bidding as usual on ebay. As known from ebay, there will also be a "buy it now" option. However, details of this form of internet purchase have yet to be released.