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Why did GM fail?

Excellent piece here on the factors behind the long-term collapse of General Motors, which filed for bankruptcy reorganization protection today.

Lots of variables to consider. Personally, I have historically preferred Honda and Toyota for their durability - my one adventure into a Chevy Blazer was a near-bankrupting blizzard of repair bills and esoteric issues that challenged mechanics far and wide.

But if it’s true that GM is making higher quality vehicles now than a decade ago, it seems like a company with a future - if it begins making higher quality management decisions than a decade ago.