Change Managment

DATE: 07/Apr/2010 FROM: Xiaochen Hei TO: Managing Change in Organizations [pic] world(a) Motors Company 1. The background to alternate that affecting GM and the car industry The financial turmoil in 2009, the scope, not only in Europe, America, most countries, and also export-oriented frugality had a serious impact in Asia. It impact on the real estate market, but also impact on the automotive industry. Third quarter of 2008 GM, ford and Chrysler Big Three, as cash-flow problems, loss of a total of more than 50 gazillion U.S. dollars; the same year in September vehicle gross revenue volume fell 26% on average, the highest recorded the biggest lower in 50 years ; March 2009 gross sales of 858,000 vehicles, down in the mouth 37% year on year; following the April 30 bankruptcy after Chrysler, June 1 GM handed to the U.S. nonstarter Court for bankruptcy protection, which is the United States the history of the largest industrial bankruptcy. General Motors, the U.S. government will inject 30.1 billion U.S. dollars additional, and in commonplace bankruptcy to the saucily company owns a 60% stake, and 88 billion in debt and preferred stock. Canadian Federal and Ontario political science have a positive GM 9.5 billion large(p) injection in order to obtain 12% of new common shares.

First, the international financial crisis cause people to panic, so that consumer confidence, leading to lack of demand. According to the American auto manufacturers sales statistics in February 2009, January 6 months sales record biggest decline since, resulting in consumer confidence has fallen to record lows, consumers are not impulsive to buy a car will be a serious threat to the United States emotional automobile take business survival. GM February U.S. vehicle sales fell by 53%, the estimated output of the second quarter of the North American auto market will drop 34%, 38% less than the same period last year; Ford Motor Company in the U.S. light vehicle sales dropped 48%; Toyota Motor Company sales situation continues... If you expect to get a full essay, order it on our website: Orderessay

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