Meaty, Beaty, Big and Monopolistic: The Story of General Motors (English Edition)
General Motors sat comfortably perched at its usual spot in 1970 atop the Fortune 500 List of American industrial companies. Its sales of $24 billion eclipsed by almost $10 billion those of second-place Exxon. Its profits of $1.7 billion similarly exceeded Exxon’s $1 billion. GM was the largest and most profitable company in the world.GM was at the top of the world with an income stream that exceeded the gross national product of many sovereign countries. It outsold Ford, Chrysler and American Motors combined. The VW Beetle was just a minor irritant. Chevrolet was the largest selling car while Cadillac ruled the luxury car market. The Buick-Oldsmobile-Pontiac lines raked in profits from the midsize car market. Its operations in Europe, Canada, and Australia were money makers. GMAC w...
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