Recently, GM announced its annual loss of $39 billion. Yes, it is the big B. GM has been losing market share in the North American market for a while now, and it seems quite difficult for the Big G to pull back itself in the market, when we see the competitors make more fuel and price efficient cars. .

GM is now offering a retirement program for its 46,00 workers  Well, you may ask why is it offering such type of a program. “GM reduce its production capacity to match lower demand, and to open the door for up to 16,000 new non-assembly workers at half the $28 hourly rate of current employees.GMAC, once a steady sour”

The future for GM isn’t quite set, but with some right management and cost cuts, it might just make it in the upcoming years. GM has to spark in some new cars with hybrid plugins, and more fuel efficient. Sure, those Cadillacs are hot on the road, but it isn’t enough to keep itself in the market. Currently, GM is trying to stablize itself in a auto-sale recession market, and cut some costs here and there.

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