General Motors Financial Issues

Emergence of Financial Issues The cover of 2004 General Motors annual handle says - Hands on the wheel. Eyes on the road. It path we are driving ahead with sureness and we are easy aware of the obstacles in our path. We are staying focused on intention and building the best-engineered, best-looking, highest value cars and trucks that provide millions of people around the homo the freedom of mobility. https://www.motorsliquidation.com/Document-Download.aspx?Document=2 Executives of General Motors seem to be quite confident astir(predicate) the business they operate. But this confidence doesnt be too long. On the 7th knave of this annual extend same people start to talk of the disadvantages of the national health-care program. Ironic, but yet true. The sustained, rapid increases in the personify of health care in the fall in States have had a tremendous impact on GMs profitability, as they have for many other companies. This is a major warlike issue for all of American business, especially manufacturers in an more and more global economy. Consider these numbers: Health-care costs in the United States have increased sharply every year since 1991, oftentimes at double-digit rates.

In 2003, they were about 15 percent of take in domestic product, at least 30 percent higher(prenominal) than in the next-most-expensive country. https://www.motorsliquidation.com/Document-Download.aspx?Document=2 They reported that health-care costs amounted to about $1,500 for each vehicle they manufactured in the United States last year. Ive checked reports of couple of direct competitors of GM and none of them even mention the challenge of national health-care. The confidence of the executives aptitude just be a curtain to cover the knockout and unprofitable (for the investors) future of company. It is obvious that they have some mysterious problems which should not be mentioned in a text report otherwise it may affect the inflow of investments in GM. What I will try to do is uncover all the... If you indigence to get a full essay, order it on our website: Orderessay

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