Subscribe Register Login

Friday, August 22, 2014, 3:14 a.m.
Top Picks - Mobile App

Sources: GM’s supplier-squeezing days gave birth to flawed models

By Bloomberg News

This article was published March 21, 2014 at 11:16 a.m.

DETROIT — The cars at the center of General Motors Co.’s February recall were still on the drawing board when a top engineer gathered more than a dozen managers and told them to build them for less.

At the time, around 2000, GM’s profit margins were shrinking as worker- and retiree-benefit costs rose and its U.S. market share leadership was eroding. GM’s plan to make money on small cars was crashing.

The message, while by no means a directive to build unsafe vehicles, reflected the environment at GM: The cars were the product of a culture of cutting costs and squeezing suppliers, as described by five people with knowledge of the automaker’s engineering, management and suppliers in the decade preceding its 2009 bankruptcy.

Read tomorrow's Arkansas Democrat-Gazette for full details.

Comments on: Sources: GM’s supplier-squeezing days gave birth to flawed models

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

  • General clerk iii

    Serco Hiring Event Friday, August 15, 2014 Strengthen Your C...
    ROGERS, AR

  • Legal support sp.

    Arkansas Workers' Compensation Commissionlegal support speci...
    LITTLE ROCK, AR

  • Gi lab tech

    TECH needed for GI Lab. FT, M-F, no holidays. Experience pre...
    SHERWOOD, AR

  • Cna's: all shifts

    ashley health and rehabilitation is accepting applications f...
    ROGERS, AR

  • Cna sponsorships

    Brighton ridge attention Brighton Ridge of Eureka Springs is...
    EUREKA SPRINGS, AR

Search 848 jobs >

Top Picks - Mobile App
Arkansas Online