Jump to content

Report: GM falls out of Fortune 500's top ten for first time in over a century


NewsFeeder

Recommended Posts

Filed under: Ford, GM, Earnings/Financials

gm-rencen-from-base-getty-630.jpg

By nearly all accounts, things are starting to look up at General Motors. The company has shed dead weight, cut down its debt and slimmed its dealer network in order to be a more healthy business, but those moves have officially knocked The General from the top 10 of Fortune Magazine's fabled 500 list. It's the first time in 101 years GM hasn't been one of the top 10 businesses on the list.

Fortune says that because of last year's bailout and massive plant closings and layoffs, the carmaker now holds the 15th slot among the heavy-hitters of the business world. Meanwhile, rival Ford has managed to hold onto its place among the top 10 corporations. The Blue Oval fell from seventh last year to eighth this year.

[source: MLive I Image: Bill Pugliano/Getty]

Report: GM falls out of Fortune 500's top ten for first time in over a century originally appeared on Autoblog on Tue, 20 Apr 2010 09:58:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

di
di

autoblog?i=sLv0VOOp_DI:T1N1f4OHbfU:wF9xT autoblog?i=sLv0VOOp_DI:T1N1f4OHbfU:V_sGL
sLv0VOOp_DI

View the full article
Link to comment
Share on other sites

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.



About us

CheersandGears.com - Founded 2001

We  Cars

Get in touch

Follow us

Recent tweets

facebook

×
×
  • Create New...