After decades of dominance, automaker blamed others for downfall
(NEWSER) - General Motors dominated the auto industry for much of the 20th century, and its downfall took place over decades. Many of the attributes GM once saw as strengths, from its rigid structure to its diverse range of vehicles, became liabilities as Japanese competitors sucked away even its most loyal customers, reports the New York Times. Yet its bankruptcy filing would have been unthinkable even a few years ago, as GM insisted it was too big to fail. More»
