This paper discusses the effect of higher gas prices on General Motors.
Written in 2006; 890 words; 7 sources; APA; $ 31.95
Paper Summary:
This paper explains that the economic performance of General Motors (GM) has been declining steadily for the past six years to the point of being on the verge of bankruptcy because it lacked the vision to anticipate rising oil and gas prices worldwide, based on increased international demand for these resources. The paper points out that, unlike more forward-looking foreign car companies including Toyota and Honda, GM has not focused at all on producing a hybrid automobile, still producing far too many over-sized and gas-guzzling cars. The paper states that higher gas prices seem to be here to stay; hopefully, GM management will learn from its past mistakes.
From the Paper:
"A direct negative correlation clearly exists, then, between high gas prices and the declining profits of GM, and has existed for some time. Further, as of April 2006: "GM said its April sales fell 11 percent, primarily due to a 21 percent decrease in car sales. Truck and SUV sales were down 2 percent." Oil shortage in general (i.e., decreasing growth in production, caused by some oil refineries being off-line, as a result of natural disasters like Hurricane Katrina); and unstable governments and economies in oil-producing countries (e.g., Iraq) have also resulted in decreases in oil exports, thereby shrinking the oil supply and thereby raising the demand for (and the price of) oil even further."
We have thousands of high-quality term papers, research papers, essays, book reports and dissertations on every topic. At AcaDemon, you can download those term papers to help you write yours! You can be sure that the term paper, essay, book report or research paper you download are top-quality, competitively priced and high-level work.
Look for more research papers, essays and book reports on General Motors (GM)
If you can't find your topic here, try another search
or try our affordable, unique custom paper alternative
Custom Research Services include:
Papers written from scratch, according to your specifications. Every paper is UNIQUE - Guaranteed
This Free Term Paper Abstract is a part of our Term Paper Library.Here you can purchase research papers, examples of essays, academic dissertations, articles, notes, analytical papers, book reports, stories and poems. We have thousands of persuasive, point-of-view, narrative, critical, compare and contrast and other types of essays in our Library. You can also find here Term papers on "General Motors (GM)", Essays on "General Motors (GM)", Research papers on "General Motors (GM)", Student papers on "General Motors (GM)", Book reports on "General Motors (GM)", Dissertation on "General Motors (GM)", Thesis on "General Motors (GM)", Summary of paper on "General Motors (GM)", Articles written on "General Motors (GM)".
Look for more research papers, essays and book reports on