GM Bankruptcy

8/9/2019 GM Bankruptcy

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GENERALMOTORS

BANKRUPTCY


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GM BANKRUPTCY

Presented by:

Aditya Hingmire

Amit Gundewar

Ankit Ekka

eeks!a U"#aks!

$a#it %awant

%!reya Tri"at!i


3/14

AB&UT GENERA$ M&T&R%

Ameri'an mu#tinati(na# '(r"(rati(n !ead)uartered in

Mi'!igan

"r(du'es +e!i'#es in ,- '(untries under ten brands

Genera# M(t(rs em"#(ys ./.*000 "e("#e and d(es bus

in /1- '(untries23

C!e+r(#et* Bui'k* GMC* Cadi##a'* &"e#* H(#den* 4au5!a

6u#ing* Ba(7un* 8ie 9ang* U aew((2
http://en.wikipedia.org/wiki/General_Motors#cite_note-GMemploy-1http://en.wikipedia.org/wiki/General_Motors#cite_note-GMemploy-1


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The Bankrupt

story


5/14

T;ME$;NE

.001 < P#ummeting Aut( %a#es began in .001

.00= < 9(rtune Magaine /stt( Menti(n GM was !eade

bankru"t'y

N(+ 0? @ CE& Ri'k 6ag(ner ew a "ri+ate 7et t( 6as!

t( ask t( bai#(ut #(ts (> 'riti'ism

e' 0? @ Bus! Admin ga+e GM D/-2 Bi##i(n in g(+ernm

#(ans

9eb 0 @ GM asked >(r an additi(na# D/=2= Bi##i(n (r ru

(> M(ney


6/14

Mar'! /=* .00 @ GM stated t!ey !ad a "#an >(r (ut (> '(urtre'(nstru'ti(n

Mar'! .* .00 @ CE& Ri'k 6ag(ner resigned be'ause (> "r

>r(m &bamaFs Administrati(n2

Mar'! .* .00 @ 6ag(ner was re"#a'ed by 4i'e C!airman C

Henders(n2

Mar'! ,0* .00 @ G(+ernment Re#eased "#ans t( "r(+ide w(

'a"ita# (+er t!e ne5t =0 days s( GM 'an restru'ture2


7/14

A"ri# .-* .00 < GM asks 0 "er'ent (> its b(nd!(#ders

"arti'i"ate in a debt(r


8/14


9/14

,! K$##$n% the E- e#ectr$c pro%ra.

6ag(ner said !is biggest mistake was ki##ing t!e E4/* t!'(m"anyIs "intr(m tru'ks* t!en ed as >ue# "ri

re'(rds in .00?* GM w(und u" wit! "ri'ey m(de#s t!at didnIt se##* but a#s( ga+e it an en+ir(nmenta# b#a'k eye2


10/14

GENERAL MOTORS STREETCARCONSP/RACY

Genera# M(t(rs began systemati'a##y buying street'ar

and t!en s!utting t!em d(wn2

Nati(na# City $ines and Pa'i' City $ineswit! in+estm

>r(m GM and (t!er '(m"anies "ur'!ased (+er /00 e#e

sur>a'e t!e '(m"anies in+(#+ed in'#uding GM were

'(n+i'ted in / (> '(ns"ira'y t( m(n("(#ie intersta

'(mmer'e2


11/14

GM REC&4ERY

Genera# M(t(rs makes remarkab#e re'(+ery a>ter .00bankru"t'y be'ause (> se+era# >a't(rs #ike

o Bai#(ut #(ans (Lered by U% g(+ernment

o A''e"ted wage 'uts by w(rkers

o Em"#(yee >('us (n )ua#ity in (rder t( '(m"ete wit! >(

aut(makerso E5e'uti+es and designers w!( managed t( "r(du'e be

+e!i'#es in t!e >a'e (> nan'ia# turm(i#2


12/14

GM RECA$$

9ebruary -* .0/ < Genera# M(t(rs reca##e+ a'out 011211

$ts s.a## carsdue t( >au#ty igniti(n swit'!es2

As (> 8une /=* .0/ < GM !as issued re'a##s t!is year in+

m(re t!an .0 mi##i(n 'ars w(r#dwide and (+er /- mi##i(n in

United %tates2

GM is >a'ing mu#ti"#e in+estigati(ns int( w!y it did n(t attem

5 t!ese >au#ty igniti(ns s((ner* in'#uding a >edera# 'rimina

T!e >au#ty igniti(ns !a+e been #inked t( /, deat!s and ,/ '

&n A"ri# ?* t!e NHT%A ned GM D.?*000 d(##ars2

&n May /=* GM agreed t( "ay t!e e"artment (> Trans"(rta

t!e ma5imum ne (> D,1 mi##i(n2


13/14

CURRENT %CENAR;& < 9ACT% AN9;GURE%


14/14

THANK Y&U

Documents

GM Bankruptcy