http://articles.moneycentral.msn.com/news/article.aspx?feed=BWK&date=20101123&id=12449858
By Ben Steverman; Money Central MSN ~ Nov 24, 2010 General Motors (GM) is back. Right? Having survived its tumble into bankruptcy and clawed its way back to the stock market, GM is unquestionably in its best shape in decades. Debt has been drastically reduced, labor costs cut sharply, and new management put in charge that has little attachment to the old culture. But GM has been on top of the auto industry as recently as 2000 -- when it earned $4.5 billion, more than any other car company -- and somehow managed to nearly lose it all. So what exactly would tell investors the new GM is on a path to long-lasting success, especially of the sort that would allow U.S. taxpayers and new shareholders to cash out at a profit? |