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GM Overview
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Abstract
The automotive industry has been in a downward spiral for several years. High fuel prices and the current economic condition has impacted consumer spending. With unemployment at record highs and impending layoffs, the public is looking for economical vehicles. Although the three large car manufacturers are offering various incentives and programs to encourage spending, they are still experiencing low sales figures and all have sought government loans just to continue operating. General Motors Overview The birth of the car as known today took several years and the works and developments of many people. It was not until 1885 that the first car rolled down the streets; however, earlier attempts at steam powered road vehicles were successful, giving people the idea that cars as they are now known them today have existed for a great deal longer than they have. The next step towards the development of the car was the invention of the internal combustion engine. Francois Isaac de Rivaz designed the first internal combustion engine in 1807, using a mixture of hydrogen and oxygen to generate energy. The development of the automobile changed the face of small-town America. As time passed, cars became less of luxury and more of a necessity. However, after a century of automobiles, finally is the realization of the long-term effects of transport by internal combustion and are looking for alternative forms of fuel and transportation (GoCurrency.com, 2006). GM Histo...
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