TASK FORCE TAKES GM TO TASK- First of a Series

I like what the Task Force did as summarized by this WSJ article. The Task Force wrote its five page viability report like the reports I used write. It is short, sweet and to the point. The Task Force concluded that the GM's plan is not viable, but with a substantial restructuring it could be viable.

The Task Force states that under GM's own plan showed that it would not generate positive cash flow. Further, the Task Force sets forth that GM's plan did not adequately address the legacy liabilities which continue to grow over the plan period.

It was also concluded that the market share, pricing and product acceptance assumptions were too aggressive and not realistic. Reading between the lines, the Task Force reached the same conclusion I would have reached; new leadership is required.

Read the five page viability report. At least read the first page.

Cheers, Mike