Whacked!: How GM Careened into Bankruptcy and Took the Innocent with Them by Dennis GazarekWhacked!: How GM Careened into Bankruptcy and Took the Innocent with Them by Dennis Gazarek

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

byDennis Gazarek

Paperback | July 18, 2012

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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.
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 ha...
Title:Whacked!: How GM Careened into Bankruptcy and Took the Innocent with ThemFormat:PaperbackDimensions:9 × 6 × 0.68 inPublished:July 18, 2012Publisher:General Store Publishing HouseLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:1926962478

ISBN - 13:9781926962474

Customer Reviews of Whacked!: How GM Careened into Bankruptcy and Took the Innocent with Them

Reviews

Rated 5 out of 5 by from IMPRESSIVE After reading Dennis's book, I was amazed at how he conducted such a detailed autopsy on the failure of General Motors. Dennis very carefully dissected through each layer, identifying and explaining the history, red flags, and underlying problems. Through out the book, Dennis gave his thoughts on potential solutions, personal stories, examples etc. The amount of research and time he would have put into writing this book is very impressive !! This should be required reading in any college or university level business course. If General Motors ever slips under the waves again, I hope Dennis is the one to write another book or even it's obituary." Yours Truly, Robert C. Pollard
Date published: 2013-02-04