GMI Marks New GM's 100th Day
It's been over 100 days now, what all has changed?
By: Nick Saporito
“The General Motors Board of Directors authorized the filing of a chapter 11 case with regret that this path proved necessary despite the best efforts of so many.” That a statement from former General Motors Corporation Chairman Kent Kresa back on June 1st. After nearly seven months of government bailouts and restructuring effort, General Motors Corporation was left only to file for chapter 11 bankruptcy protection. Not only was it a pivotal day for the entire business world, but here at GMInsidenews June 1, 2009 has gone down in the record books as our highest traffic activity ever. The uncertainty that day brought for everyone that patronizes this site left morale within the automotive enthusiast community as low as I have ever seen it. The preceding month shed further light on the situation as GM cruised out of bankruptcy court in a record 38 days, breaching them of the old General Motors Corporation and saying hello to the new General Motors Company. Today New GM has just a touch over 100 days under its belt and GMInsidenews has spent the last two to three months analyzing New GM and its efforts.
Overall the editorial staff here at GMI is encouraged by the changes and efforts that have been implanted and demonstrated from New GM over the first 100 days of the company. New GM has a Board of Directors in place that appears to actually hold management accountable for their actions, a novel concept at a company that has had little Board intervention in the last twenty years. Perhaps the most encouraging sign yet is the placement of Ed Whitacre, former AT&T CEO, as Chairman of General Motors Company. The man seems to be just what the company needed; someone to rattle management’s cages and demand swift action to restructure the company quickly.
Additionally, New GM has launched some stellar new product since June 1st. The most-notable being the 2010 Chevrolet Equinox, which still today is selling almost as fast as dealerships can get them. Other post-bankruptcy products include: GMC Terrain, Buick LaCrosse, Cadillac SRX, Cadillac CTS Sport Wagon and Chevrolet Camaro. All of that and more is extensively covered in our Product section today.
In August General Motors sold more vehicles in China than they did in the United States. If that isn’t a sign that GM is truly a global company, we’re not sure what is. With that said, New GM has restructured its entire international operations since bankruptcy, making GM China the epicenter of the operations. Throw in the seemingly never-ending saga surrounding Opel in Europe, and it becomes clear that GM’s international operations have not had any short of news in the last 100 days either. Read all about it and our take on it in the International Operations section.
Our editorial staff has collectively issued New GM a grade of B for their efforts in the first 100 days out of bankruptcy. We’ve seen solid efforts all around, however we feel it wasn’t enough to warrant any better of a grade. One of our major sticking points is the seemingly lack of focus and direction out of the Cadillac brand, which we have been extremely vocal about and other mishaps we’ve found in the last 100 days; all detailed in our four sections. Those of us here at GMInsidenews know very well what GM is capable of and wish to see that capability fully utilized to build the GM we all have aspired to see over the last few years. We hope that GM reads this extensive editorial project and walks away knowing, constructively, what we feel needs improvement.
Please join GMInsidenews in looking back over the last 100 days of General Motors and the changes, products and opinions that have come with it. The Staff has worked immensely hard on this project and as Editor I truly want to thank all of them for their efforts. On that note, lets hope that the morale within the automotive enthusiast world continues to build up as I have noticed it doing over the last 100 days. Let the discussions here at GMInsidenews go back to the reason we all came here to being with: GM products. Going forward GMInsidenews hopes to continue bringing the latest news regarding GM, the most extensive information and the most complete editorial content on the web. Today marks day one of a GMInsidenews focused on being the center of the GM world and community.