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General Motors Bailout Analysis

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After being bailed out by the federal government, General Motors knew they had to do something to make their company successful again. When General Motors took the $40 million bailout, they knew that their tax breaks they would receive would be short lived so they had to come up with a plan. Their goal was to make more than $10 billion dollars in one year- a very hefty goal (Kinicki & Williams, 2013). With that goal, General Motors has an even heftier goal of having a 10% profit margin which is a 4% jump from the current highest one in the automobile industry. When setting the goals that they set, General Motors had to realize what their strengths and weaknesses are. Not having the competitive edge can put a lot of strain on a company. With
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