Article analysis
...withdrawing money for the first time in four years from a $20 billion special fund set aside for retiree health-care expenses. · GM said that the company that in the first quarter of this year it has burned through more cash than it had projected for the whole year. · The other two problems facing the company are the international car producing companies mainly Asian and domestic car producing companies like Ford. · In Asian, company's operations reported a $60 million profit, down from a $275 million profit a year earlier. In Europe the company lost 103 million. Conclusion: In my opinion GM can get out loses if it company should try to negotiate with the worker’s union to lower the health care cost and should take into its consideration the gas price factor. The other problem contributing to GM’s loses is the high gas prices. The demand for big trucks and SUV’s is going down day by day with the increasing prices of gas. GM need to stop decrease the production of trucks and SUV’s and try producing smaller car’s with smaller engines and better gas mileage. Today...