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Corporate Business

Yuman sees similarities between GM and British Leyland

An interesting article from The Yuma Sun …. Stan Gourley is a man who obviously loves cars, particularly his 1970 Triumph TR6. The car sits in his garage, partially restored. “You know,” Gourley said, looking at his jasmine yellow car, “it’s really sad to think that in 20 or 30 years this TR-6 would probably be a Chevrolet Camaro or a Pontiac GTO or an Oldsmobile 442.” Gourley, a man who knows British sports cars, explains that he thinks what happened to the British Leyland Co. back in the ’70s and what is occurring to General Motors now is too similar to be ignored. “They were a giant company that dominated the market for British cars in the ’60s and ’70s, but then they had real labor problems, the government nationalized the companies, then guaranteed billions of dollars in bailout […]