General Motors Economic And Cultural Icon Of American...

General Motors (GM) was one of the premier automakers of the world. Firmly planted as the leader of the big three automakers, GM, Ford, and Chrysler, years of success grounded GM as an economic and cultural icon of American business. As the Japanese auto market grew and became more efficient, turning out improved vehicles that the public wanted, GM was becoming a lumbering behemoth of inefficiency and corporate gluttony. Many circumstances contribute to GM’s road to bankruptcy including high legacy costs in union owned contracts, largely poor design, inferior quality, and low productivity. Before the Great Recession of 2009, GM owned a bevy of brands including Chevrolet, GMC, Oldsmobile, Buick, Pontiac, Cadillac, Hummer, and Saturn, including other international brands in Alpheon, Daewoo, Saab, Vauxhall, Opel, Wuling, and Holden. After the recession, bankruptcy, and federal restructuring, the GM United States offerings were left with Chevrolet, GMC, Buick, and Cadillac. GM still has the international automobile companies of Alpheon, Vauxhall, Opel, and Holden, with Daewoo now being a parts subsidiary. But the writing was on the wall as the automotive giant was losing touch with what the American public wanted. Instead of building vehicles the public wanted, GM built vehicles that they wanted to build and thought the public would buy their brand regardless (Boe, Ketler, O Keefe, Rubenstein, Siverio, 2009). But as time marched on, GM became more in debt and grew to beShow MoreRelatedSports Tourism2380 Words   |  10 PagesTourism is viewed as international trips th at are made to watch sporting events. There is no universally accepted definition of sports tourism, but the terms ‘sport tourism’ and ‘sport tourist’ are often found in literature review. Stuart Hall, a cultural theorist and sociologist from Kingston, Jamaica is one of the many theorists that have formulated an opinion of the definition of sports tourism. 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