Here’s Why GM Went Bankrupt

Jetcityimage/Getty Images It’s said that dominance breeds confidence, which in turn leads to complacency. The same can be said for General Motors (GM), which, for much of the 20th century, dominated the auto industry, as the Harvard Business School noted. Controlling nearly 46% of the… Read the…

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Here’s Why GM Went Bankrupt

General Motors headquarters at the Renaissance Center in downtown Detroit – Jetcityimage/Getty Images It’s said that dominance breeds confidence, which in turn leads to complacency. The same can be said for General Motors (GM), which, for much of the 20th century, dominated the auto industry, as the Harvard Business School noted. Controlling nearly 46% of…