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Reference documents
It's not just the small companies
posted by Emma on November 12, 2008 03:33 PM
Who need to keep an eye on their cash flow. It seems hardly possible, but General Motors is on the brink of running out of cash because, er, they aren't selling any cars. They need "immediate unrestricted access to cash just to meet their wage and supplier bills." Yeah, don't we all. My question: why on earth didn't they figure this out 18 months ago and adapt to changing demand for more fuel efficient cars? God, if I can forecast our fabulously erratic cash flow, General bloody Motors ought to be able to do theirs. And I'm pretty sure Snowbooks wouldn't get bailed out by the government if we hit a problem.
Comments: 5
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In answer to your question, I imagine their product development times are a little longer than yours!
That's not to say that they couldn't have been a lot cleverer some time ago.
M
Posted by: Matthew on November 12, 2008 04:55 PM
I'd imagine that the boss of GM has a roomful of "yes-men" (just like Mr Burns) and when he asked, "are we going to be okay?" they all replied, "yes, of course sir!"
Posted by: Christopher Teague on November 12, 2008 08:07 PM
Actually, GM is planning an electric car for 2010 called the Volt. I don't actually understand the technical bits of it, but apparently it's just as fuel-efficient as the Prius if not more, and I think it's going to make GM piles of money. Buy stock now!
Posted by: KatharineC on November 12, 2008 08:16 PM
GM's just got so big, antiquated and bowed down with internal vested interests that it is a Titanic disaster
Posted by: Andrrew Kelly on November 13, 2008 08:53 PM
Hear, hear, Emma. Where does the madness end? No one is going to bail my backside out of the fire if a book tanks. If I can't run my company efficiently, then I have no business being in business.
Posted by: Lynn Price on November 16, 2008 05:56 PM