Review of "Why GM Matters" by William Holstein
Posted: 01 Aug 2014, 15:27
Review of "Why GM Matter" by William Holstein
Can GM survive? More importantly, should it? These are the questions being posed by journalists almost daily, whether covering Capitol Hill or reporting on Wall Street losses by the Big Three. It's a story that hasn't fully played out, and also one that has gotten little background coverage...until now. In his brilliant book, William Holstein lays out the case for GM:
"The country's largest private buyer of information technology, the world's largest buyer of steel, the holder of pensions for hundreds of thousands of Americans, GM (along with its suppliers) accounts for a full 1 percent of our country's gross domestic product."
Holstein does an outstanding job of looking at not only where GM came from, but where it's trying to go. Not everything in the book is flattering either. Yet there are important issues that the author raises that take its value as a book about a major US auto maker and makes it one about a referendum on the US economy generally.
Can GM survive? More importantly, should it? These are the questions being posed by journalists almost daily, whether covering Capitol Hill or reporting on Wall Street losses by the Big Three. It's a story that hasn't fully played out, and also one that has gotten little background coverage...until now. In his brilliant book, William Holstein lays out the case for GM:
"The country's largest private buyer of information technology, the world's largest buyer of steel, the holder of pensions for hundreds of thousands of Americans, GM (along with its suppliers) accounts for a full 1 percent of our country's gross domestic product."
Holstein does an outstanding job of looking at not only where GM came from, but where it's trying to go. Not everything in the book is flattering either. Yet there are important issues that the author raises that take its value as a book about a major US auto maker and makes it one about a referendum on the US economy generally.