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GM bankruptcy

Posted: June 5, 2009 4:15 p.m.
Updated: June 6, 2009 4:55 a.m.
 

I’m sorry to see GM file for bankruptcy.

The one-time icon of American capitalism drove (no pun intended) themselves into this situation by not keeping up with the times, and thinking they were beyond reproach.  

GM let the foreign car industry pass them up in every phase of the business, and they also lacked the ingenuity and foresight to see what was coming.

They sat back on their laurels and watched the “passing parade.”  

I wish them success for the sake of the workers.

Now it is time for the employees on the assembly line and the other working departments to drive (no pun intended) a hard bargain to reap some of the future rewards and benefits.

 

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