With this oxygen for example could buy Toyota

The body of Mr. General Motors arrived on 1 June in the morgue of Chapter 11.

The victim is a young century. It is certainly a respectable age, but in a particular living species is the company, the great age lies beyond. There are number of bicentennial, which have even formed a rather perennial association, the Hénokiens. In the American family General Electric, the big brother of Motors, is in full form in -ten-seven years. French cousins born at the same time, such as company or Ms. waters (renamed Veolia), are not bad either, despite some seeds of health this decade.

The individual known as GM is large. According to corroborating information, it was the first global automaker for 77 years and even the largest company in the world for decades. Of stretch marks indicate that he had much choke for thirty years. After health book, its weight was 853.000 employees in the world in 1980, while the balance indicates today less than childcare. Weight loss was due in part to strength gains ("productivity", as they say in the sector). But his efforts in the area appear to have been much lower that those carried out by his comrades of the brotherhood of car manufacturers.

I turn now to the point: the origin of the death of Mr. Motors. It is obvious. Mr. Motors presents all signs of death by asphyxia: face cyanosé, blocked credit bronchioles, dirfi greenish (forgiveness, Chief Financial Officer). It should be recalled here that asphyxia is the most common cause of death in the case of companies where one dies ever of old age even if sometimes observed cases of senile dementia, asphyxia often related to failure of the nervous system of the competition. In this case, one which took Mr. Motors is technically unable to find an agreement with some of its creditors. He was not able to honour its commitments on $ 27 billion.

Remains whether causing asphyxia. In public opinion, which is legitimately shocked the disappearance of GM, it is attributed to the depletion of the oxygen that brutally struck many companies to start the car (Mr. Chrysler, a youngster of eighty-four years, had been taken late April). Depletion caused as known by the financial storm depriving air customers, who in response abruptly dropped their purchases. In the country of Mr. Motors, automobile purchases dropped by 37 in one year (four months of 2009 over the same period of 2008). But if all constructors are beaten, all do not die, far from it. Therefore, to seek further explanation.

The first that comes to mind, is the fatigue of the respiratory system. For a long time already, the victim was struggling to sell cars to return to the air in his lungs. In the 1950s, more than a car on two sold in his country of origin was one of its brands Buick, Chevrolet, and other Pontiac. His record of production date of 1978 (9.6 million cars). But its share of the US market was recently dropped below 20, for the benefit of the Japanese and Korean. "GM manufactures more cars that Americans want to buy," doctors diagnosed. At the time, GM has lost nearly $ 100 billion from 2005 to 2009, including 39 billion in 2007 alone. The 50 billion oxygen lent by Washington were not enough. This respiratory fatigue would have inevitably won the patient in the years to come. But it does not explain that the death had occurred so soon.

I turn now to the consideration of the viscera of GM. He revealed a huge tumour, which absorbed tremendous amounts of air: a debt to $ 172 billion. Believe some credible evidence, it exceeded even 300 billion five years ago! This debt of course comes in part loans made by GM to oxygenate its investments and its customers through the development of the credit. But it is also a social debt. He must be back here several decades, with indications of his book of health. In 1950, to buy social peace in an America booming, GM had awarded to its employees, among others, generous retirement plans with a good health insurance. The "Treaty of Detroit" cost him a fortune. It increases the cost of each car. And from 1993 to 2007, General Motors contributed more than 100 billion fund that supports these commitments. With this oxygen, for example could buy Toyota... It must still include 20 billion to the health fund. Mr. Motors therefore died of asphyxia social. As its Delphi subsidiary, entered Chapter 11 four years ago that the lesson was retained while it applies to many American corporations of this generation. The conclusion of the autopsy report is therefore simple: social protection is too serious to be left to the care of a single company, so powerful.