If you’re taking a break from your weekend activities, take a moment to read a classic post from TTAC. This post marks the anniversary of when Robert Farago started the GM death watch and called for the company to die. It’s been over a decade since that post was written, so it’s interesting to see how things have changed (or haven’t) since May 28, 2009.

For those who may not be familiar with TTAC, it stands for The Truth About Cars. It’s a website that covers all things automotive, from car reviews to industry news. The website was founded in 2002 and has since become a go-to source for car enthusiasts and industry professionals alike.

Now, let’s dive into the GM death watch post. In 2009, GM was struggling financially and had just filed for bankruptcy. Farago argued that the company was beyond saving and that it was time for it to die. He cited various reasons for this, including the company’s bloated bureaucracy, lack of innovation, and poor management.

Fast forward to today, and GM is still around. In fact, the company has made significant strides in recent years. It has focused on electric and autonomous vehicles, which has helped it stay relevant in an industry that’s rapidly evolving. Additionally, the company has streamlined its operations and cut costs, which has improved its financial standing.

Of course, GM still has its challenges. The COVID-19 pandemic has hit the automotive industry hard, and GM is no exception. The company had to temporarily shut down production earlier this year due to supply chain disruptions and decreased demand for cars. However, GM has been able to bounce back relatively quickly and is now producing vehicles at pre-pandemic levels.

So, what can we learn from the GM death watch post? For one, it’s a reminder that things can change quickly in the automotive industry. Just over a decade ago, GM was on the brink of collapse. Today, it’s a much different story. This is a testament to the resilience of the industry and the companies that operate within it.

Additionally, the post highlights the importance of innovation and adaptability. GM was able to survive by pivoting to electric and autonomous vehicles, which are the future of the industry. Companies that fail to innovate and adapt will likely struggle in the long run.

Finally, the post serves as a cautionary tale for companies that become complacent. GM was once the largest automaker in the world, but it fell behind its competitors due to a lack of innovation and poor management. It’s important for companies to constantly strive for improvement and not rest on their laurels.

In conclusion, the GM death watch post is a fascinating look back at a pivotal moment in automotive history. While GM is still around today, the post serves as a reminder that the industry is constantly evolving and that companies must be able to adapt to survive. Whether you’re a car enthusiast or just interested in business strategy, it’s definitely worth a read. And if you want to stay up-to-date on all things automotive, be sure to subscribe to TTAC’s newsletter.