"Imagine a car company that dominated the world car volume to bankruptcy."
Seven reasons GM went bankrupt relative to 2009 (none of them are "operating margin") [1]:
- Not filing for bankruptcy sooner
- Driving incentives into the ground
- Ki-ling the EV1 electric program
- Selling control of GMAC
- Ignoring Jerry York (read the article to find out why)
- Mishandling Fiat
- Overreacting to the truck bo-m
GM earned $2.5 billion last quarter, and that was after OPERATING MARGIN and a Bolt EV recall. If a company is losing money, you can look at things like operating margin. GM is making billions each quarter and that goes back for years and years. GM is not the loser business case you make it out to be, and they sold more cars than any other company in the United States in 2022. [2] Perhaps you are bitter about something? Get busy down-voting!
Sources (You all should think about using them!):
[1] https://abcnews.go.com/Business/story?id=7721675&page=1
[2] https://www.businessinsider.com/gm-sold-80000-more-cars-toyota-2022-after-losing-no1-2022-10?op=1