In recent weeks, GM has been making a last-ditch effort to deal with its mounting problems and somehow escape bankruptcy. The final outcome remains to be seen, but any bailout efforts or even the most drastic of moves at this stage seem to be, as visualized below, the equivalent of lifting massive, crushing weights with simple balloons. Yesterday’s announcement of the resignation of GM Chairman and Chief Executive Officer Rick Wagoner at the behest of the Obama administration was just the latest in a series of moves designed to reassure public confidence in the flailing automotive manufacturer.
We hope our infographic helps you grasp what has led to the current squeeze on GM.
For more personal finance visualizations see: WallStats.com