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General Motors recently announced it would bring small cars to the U.S. from its newly acquired Korean operation, GM-Daewoo, and sell them as Chevrolets.
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"We struggle to see how yet another 'me-too' co-operation with GM Europe on componentry will help address any of the fundamental issues, " said Credit Suisse analyst Erich Hause.
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General Motors (nyse: GM - news - people ) recently announced it would bring small cars to the U.S. from its newly acquired Korean operation, GM-Daewoo, and sell them as Chevrolets.
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As usual, Four Seasons has brought in a seasoned veteran to run the operation: GM James Kostecky comes from the same position at frequent award-winning sister hotels, Four Seasons Resort Chiang Mai and Four Seasons Tented Camp Golden Triangle in Thailand, and prior to joining the company, he worked in Kenya with a local hotel group.
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As for GM's European operation, it has needed a massive overhaul for years, but because of political pressures and resistance from European labor unions, the company has been able to make only baby steps thus far.
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During the 75 years GM Mexico has been in operation, the subsidiary has produced 7 million vehicles, 20 million engines, and 4 million transmissions.
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Global costs: GM has been trying for years to knit together its vast, disjointed engineering operations into an efficient global operation so that it can become more efficient.
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