GM has made many new changes to have a fresh comeback from its recent bankruptcy. Other then the Chairman change, GM has made many other changes. The number of U.S. brands has dropped from eight to four. The remaining brands include Buick, Cadillac, Chevy, and GMC. The number of employees has dropped considerably. Of the 81,000 employees in 2008, only 63,500 are left. More money is now being spent on future products and technology. The consolidated debt has dropped considerably since last year. It went from a total of $74.4 billion to a mere $17.3 billion.
GM still has a long way to go to fully recover, but this is a great first start to begin their recovery. It has always been important to have a little competition to drive Toyota to innovate the Toyota Parts they produce.