ABDILL General Motors Pension Plan Business Accounting Assessment

User Generated

N665544n

Business Finance

web analytics

Description

I am looking for someone to do my case

I need two pages single space , I need describe the case and give opinion and more information , please not summery

Unformatted Attachment Preview

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

hello, i have uploaded the task, check to confim it is complete. do not forget to invite me next time. Goodbye

Running head: GENERAL MOTORS PENSION PLAN

General Motors Pension Plan
Name
Institutional Affiliation
December 9, 2018

1

Running head: GENERAL MOTORS PENSION PLAN

2

General Motors Pension Plan
General Motors (GM) was classified as one of the largest automobile manufacturing
company in the world has over US$194 billion in sales by the end of the 2000 financial year.
Additionally, GM had about 321, 000 individuals in 32 countries and sales operation in 200
states across the globe. However, despite its large size, the company was struggling. According
to the article, General Motors had successfully marketed one of the largest corporate debts in the
history of the United States worth over $17 billion. Importantly, the offering incorporated
billions of debts, and as a result, General Motors had to use a significant part of its proceeds for
them to shore up their massively underfunded pension plans.
Notably, GM was not the only American Auto firm that was experiencing a decline in
performance during this time. Both DaimlerChrysler and Ford were also feeling the pressure
even though DaimlerChrysler was experiencing an excellent performance in the Northern
American market. Conversely, in most financial statements, GM suffered a significant loss, and
they f...


Anonymous
I use Studypool every time I need help studying, and it never disappoints.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Related Tags