Home > Uncategorized > Today’s Wall Street Journal demonstrates how things have changed

Today’s Wall Street Journal demonstrates how things have changed

Today’s Headline in the Wall Street Journal shows how things have changed. Here is the first paragraph based on statements that GM’s vice Chairman made at the Paris Autohsow

PARIS—General Motors Co. has begun seeking out potential partnerships and tie-ups with other auto makers in hopes of cutting costs and sharing the burden of developing new technologies.

The move signals a significant shift in strategy. Before GM was reorganized in bankruptcy court last year its management and board took the view that the company was large enough to achieve economies of scale and develop most technologies on its own.

I hope  that some of you reading this will come to the Convergence session and discuss the implications of this and all the other talk of partenerships.

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