Whacked! How GM Careened into Bankruptcy and Took the Innocent with Them - Softcover

Dennis Gazarek

9781926962474: Whacked! How GM Careened into Bankruptcy and Took the Innocent with Them

Softcover

ISBN 10: 1926962478 ISBN 13: 9781926962474

Publisher: General Store Publishing House, 2012

On June 1, 2009, General Motors declared bankruptcy. The aftermath has been catastrophic for many of those involved in the business of selling cars: the dealers.

GM terminated hundreds of committed and long-standing dealerships, causing losses of millions of dollars. The author uses the term whacked to describe this wholesale destruction of these successful businesses. Hiding behind the shield of the Canadian and United States governments, General Motors as well destroyed the net worth of thousands of workers, investors, and customers in its desire to save itself with taxpayers monies.

The media has given excellent coverage about the downfall of GM. They even have tried to give some opinion as to why it failed. The author has found that most of these explanations were both superficial and simplistic: too many dealers, too many brands, the unions, and the economy. In this book, Dennis Gazarek, a former dealer, carefully analyzes what happened and comes to his own remarkable conclusions.

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About the Author:

Dennis Gazarek graduated in 1972 from the University of Windsor with a Bachelor of Commerce in Honours Business Administration and has spent almost his entire life immersed in the auto business. His father, uncle, brother, and cousins all were employed in the automotive industry.

An individual of many diverse tastes and interests, he has been a former record-holder in the Guinness Book of Records, an expert skier and motorcyclist, successful youth football coach, amateur saxophonist, and a lifelong learner and student of history, human behaviour, ethics, and values.

Dennis has written articles for magazines, the Web, and corporate use. He also has a patent for a unique, tilting three-wheel motorcycle.

Dennis lives with his wife, Janet, in Ajax, Ontario, further developing his motorcycle invention and working on his next book. Gazarek has three grown sons from a previous marriage.

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