Visual Guide to General Motors’ Financial Woes
As you've probably heard, General Motors has come on some financial troubles and grows increasingly desperate for a federal bailout. How did the American vehicle giant get to this point? Will the bailout do any good?
Jess Bachman -- who designed the popular Death and Taxes poster and the more recent Visual Guide to the Financial Crisis + Bailout -- explains GM's current situation in this equally interesting infographic/comic (below). With a slurry of internal and external factors, the bailout will only postpone the inevitable. Bigger is not always better.
Be sure to check out Jess' Wallstats blog for more infographics goodness.
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Can he do Chrysler next?
I believe Tufte would call this a ‘chartoon’.
Fantastic, but don’t agree with bailout postponing the inevitable. A significantly smaller and leaner GM may result, but I’ll back GM to make it out of the crisis.