"For years I thought that what was good for our country was good for General Motors, and vice versa," said Charles Wilson during his confirmation hearings in 1952, reflecting a deep connection between corporate and national interests.
General Motors surpassed by rivals, still holds a significant global presence in the automotive industry, despite facing numerous legal and financial challenges during economic downturns.
The Federal Reserve's interest rate hikes and rising inflation significantly impacted the auto loan market, causing financing rates to soar to unprecedented levels.
General Motors is dealing with serious compliance issues, including a class action lawsuit over defective diesel engines and allegations of selling driver data illegally.
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