(With Charles Skuba)Originally Published in the Korea Times: June 14, 2009
The U.S. government now owns 60 percent of General Motors. Some say that the company really belongs to the taxpayers—but just have them try to sell some of “their’’ GM shares—they’ll quickly see how limited their ownership rights are.
U.S. officials now have a new mandate that is familiar to business executives: meet increased sales goals in an ever-expanding sales territory. If GM is to succeed, global sales and operations, not just American, must be a priority.
In an industry that is among the most competitive in the world, GM’s future will inevitably ...