Charles Wilson's assertion blurred the lines between corporate and national interests, reflecting GM's powerful influence in post-WWII America and raising ethical concerns.
The automotive landscape has dramatically shifted since GM's heyday; foreign competitors now vie for dominance, forcing GM to navigate turbulent waters of legal and financial challenges.
Interest rate hikes have drastically affected car loans, pushing average rates from 3.86% in 2021 to 7.82%. Deep subprime financing has climbed even higher, squeezing buyers.
Recent legal disputes have left GM precarious, including a major lawsuit over faulty engines and a probe into illegal data sales, coupled with significant job cuts and missed earnings.
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