The new General Motors Co. is fighting a very old battle.
Its name is complacency, the traditional by-product of solid profits, growing cash flow and the Detroit tendency to relax in good times. Managing it successfully will be the difference between a sustainable turnaround with credibility on Wall Street or the missed opportunity of a taxpayer-financed bailout that stalls under the weight of bad habits and mediocrity.
“The evidence will be in the results we deliver,” GM CFO Dan Ammann told The Detroit News Tuesday. “We have to have a very strong financial foundation to the company. And that’s very different from where we were a short time ago. We all understand what happened in the past and we want to make sure it doesn’t happen again.”
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