Point Helper Assignment Example | Topics and Well Written Essays - 250 words - 1

Point Helper - Assignment Example governments bailout. Daniel Akerson, Chairman and Chief Executive of GM, spoke to his shareholders regarding the current position of his company. He stated that â€Å"GM has gone from almost being history to making history† (Terlep). A new GM has been created after bringing about numerous changes in his company. The new GM has gone on to become the largest IPO ever in a span of 18 months. The progress has happened through review of design, engineering and manufacturing footprints, reducing complexities and eliminating costs (Terlep). A new senior management team had been recruited and more talented people from within and outside had been employed to build new business models. Some analysts have predicted that GM will have a market growth of more than 12MM units from 2010 to 2015, and GM has become the market share leader in the BRIC countries (Terlep). They have successfully invested $3.4B in U.S and thereby generated 9000 new jobs since its bankruptcy. They have further announced an additional $2B in U.S. facility investment which will support 28000 other jobs (Terlep). â€Å"GM has great potential to deliver profitable growth around the world as the recovery continues,† said Dan Ammann, senior vice president and CFO of GM to the shareholders (Terlep).Thus we see that GM has rebuilt itself out of the ashes like a phoenix by creating a strong customer demand for its new fuel efficient vehicles and a competitive cost structure which has leveraged their strong brands in the market and increase their profits year by