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| GM then and now | ||
| General Motors was a financial basket case in 1992 when outside directors engineered a boardroom coup and a painful restructuring. Sixteen years later, the automaker is again hemorrhaging red ink and losing U.S. market share. | ||
| 1992 | 2007 | |
| Revenue | $132.2 billion | $181.1 billion |
| Net loss* | $23.5 billion | $38.7 billion |
| Employees | 750,000 | 284,000 |
| Long-term debt | $7.4 billion | $33.4 billion |
| Cash reserves | $8 billion | $24.6 billion |
| Global unit sales | 7.7 million | 9.37 million |
| U.S. market share | 34.10% | 21.1% (for 2008, through July) |
| Stock price | $32.25 | $10.20 (on Aug. 27, 2008) |
| *Loss for both years includes one-time accounting changes. | ||
| Source: General Motors | ||
A sense of turmoil to come nagged at many of GM's senior managers in the winter of 1991-92.
