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Author Topic: World's largest healthcare company to shed 25% of it's obligations  (Read 636 times)
mutex
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« on: October 17, 2005, 08:57:54 pm »

http://www.businessweek.com/bwdaily/dnflash/oct2005/nf20051017_7171_db035.htm

In other news, GM is looking to sell it's GMAC unit which will bring in a good bit of cash.  But, as I heard it described so appropriately, GMAC is the last bit of furniture left in GM's house, and they have nothing left to sell.  They lost almost $3 BILLION dollars in *Q3* 2005.  This negotiation will save them about $3B per year, so they obviously have a long way to go.  The problem that I see is that the american companies (GM, Ford, Diamler-whatsitcalled) have gotten so out of touch with what the US consumer wants, combined with a product development cycle time that spans almost 5 years, they are not geared to compete in this market, especially with gas at $3 per gallon.  The Japanese and Korean car companies have decades of experience in maximizing profits, quality and competing in dymanic makets where external pressures like fuel costs are a fact of life. 
The European companies have much of the same experience, but we are seeing a steady sinking into the toilet on quality.  They are relying on their name too much - remember the story about watering down the pea soup?  BMW, Mercedes, etc are doing just that.
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