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58Bonne's 1958 Bonneville

2019 June
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Frosty

Is GM Abandoning Its Future for Short Term Profits?

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A good article about GM's recent retrenching and sell off efforts.

https://www.fool.com/investing/2017/05/28/is-gm-abandoning-its-future-for-short-term-profits.aspx

 

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Other key markets where GM will stay the course include South Korea and Australia, which together accounted for about 275,000 vehicle sales last year. Indeed, even after it completes all of its downsizings, GM will still have annual volume of more than 8.5 million units.

That's pretty good. I'm shocked it's that much post-downsizing.

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It just goes to show how many unprofitable markets they were in and they decide to cut their losses. Being the largest automaker doesn't mean you have to be everywhere, just where it's profitable.

Edited by Frosty

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Exactly, big doesn't mean you can ignore profits.

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