Buy custom General Motors - Financial Ratio Analysis
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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1536 |
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That year GM sold its National Car
Rental business to a group of investors led by former Chrysler executive William
Lobeck.
In 1996 the United Auto Workers struck at 2 GM plants in Ohio over the company's
increasing its outsourcing of brake parts. The strike lasted 17 days, idling 24
of the automaker's 29 North American plants (reflecting the vulnerability of
just-in-time supply chains), and ended with neither side satisfied...
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The bitter dispute led to Lopez's resignation from
Volkswagen and was resolved in early 1997 when VW agreed to pay GM $100 million
and purchase $1 billion of parts from GM over 7 years. In 1996 GM spun off EDS
(with a market value of $27 billion) to shareholders. Also that year GM agreed
to sell 4 of its parts plants to Peregrine Inc...
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