GM has been reborn as a public company,exceeding its listing price of 33.00 a share last week.Behind the shares is a business model with a level playing field between union costs and management costs.
Each of GM's four regions has a different set of challenges and objectives,according to CEO Dan Akerson.The North American blueprint is how GM will address the European issues:reduce costs;match capacity with demand;offer the best vehicles.GM has a great auto portfolio in Europe.They hope to see profitability there in 2012.
The great car that GM has today is based on the resilience of the GM employee.GM has the resident expertise to provide the best cars you can buy.They have a pretty good balance sheet right now,in Dan Akerson's opinion.
Mr.Akerson wants to make GM more of a consumer marketing company.Their goal is to have zero debt on the balance sheet,and even pay down their entire pension liability to the extent possible.
GM is much more global than Ford.They have to have the ability to make a car unique for the particular market,Mr.Akerson feels.
General Motors(GM)
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