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As Karl Marx once said that history itself first as tragedy then as farce, repeats. Epic car last year, however, the accident history: the U.S. auto industry's glory in road accidents, author Paul Ingrassia seventies catastrophic collapse of the American automobile industry wrote: "As General Motors' financial people run by The Honda engineers have always ... in other words, GM - ran counter, while the boys ran Honda car and Honda's a significant difference between success and failure as GM Ingrassia. " Restructuring is now a ray of hope. As a great GM he can see "," The truth is that there is a "" All in the restructuring, but most of the government seizure of private property in history.
The reality is that GM appears to have the same error over and over again. At least two years, "the motors", upset fourth CEO Dan Akerson, the government established company car tax $ 50000000000 in Detroit, once and for all numbers after his defense - a "well financed" be sure to But now GM is a long-term health of the animal is also a former telecommunications executive Washington.Akerson is a type of private capital that has been made by political activists at the White House Obama has been established in GM. Although there is no doubt that his talent Akerson, maybe not in the car business decisions (and is also quick to admit) is. No venture capital funding in the Akerson talent - or more precisely, politically connected private equity financing.
Former regulators congressmen, and cabinet ministers - - Carlyle Group, which includes perhaps the most companies in the financing of the political capital of the world, and is filled to the roof of a political long forgotten Akerson talent comes directly from the bureaucrats who now rule body Motors.That perfect complement for the job "because the world of equity financing Akerson straddling (a player's mentality), and a" pass in. "collegiality and camaraderie know-it-alls now probably GM makes and sells cars with the greatest impact on Washington.
Auto autoextremist.com blog Peter DeLorenzo, wrote this week that GM is building excitement in the ranks of Akerson attack "on the company made its mark, no matter what happens." DeLorenzo that GM "a runaway train to hell," said Detroit is already huge "orders and statements released per minute silly Akerson disturbed by floods." Detroit News echoed the criticism, writing that questionable management decisions Akerson GM back in the old days in "Deja Vu" was like, "finance and marketing-led destruction" of the past.