Market Trends for General Motors
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In 500 words describe market trends that General Motors organization/industry will face and address(discuss) how their prices and technology will change or will not change, and why: Explain your conclusions.
The 500 word count should be broken down as (250 words for each topic "Prices and Technology. )
Please include at least TWO references. Thank you.
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Solution Summary
In 500 words describe market trends that General Motors organization/industry will face and address(discuss) how their prices and technology will change or will not change, and why?
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As we all know, GM is facing troublesome times and is ready to file for bankruptcy and seeking bailout from the US government, the future looks grim and challenging for this iconic American car manufacturer that has ruled the automotive world in the past with its wide range of offerings across several brands.
The ongoing recession in the US economy and slowdown across the world not only makes it difficult for GM to push sales and thus, boost top line revenues via an array of improved and innovative product offerings across several brands, but the rising input costs and competitive pressure also ensures that GM cannot survive without a complete restructing of operations to reduce costs in a significant manner.
GM will have to face tough competition from more efficient and powerful car manufacturers such as Toyota, who have outpaced GM in terms of growth and sales with more efficient ...
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