20 years ago GM was broke just waiting to find a way out. They got the bail out. Ford wanted a way out and took loans they still are paying off along with loans from the government.
The way GM operated was a formula of failure. Too many divisions, too many markets they fell behind in. Too many cases where they were selling millions of cars globally but were losing money on nearly everyone.
The plan during the bail out was to take the money they had left and build up where they were making money. Then to build up the EV models while maintaining the profitable trucks and CUV models.
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