General Motors Restructuring

General Motors (GM) restructuring refers to the company's strategic changes to improve its financial health and operational efficiency, especially after facing significant losses and bankruptcy in 2009. This process involved reducing workforce, closing unprofitable plants, cutting costs, and focusing on more profitable vehicles like electric models. GM aimed to streamline operations, enhance competitiveness, and adapt to market demands. The restructuring helped GM emerge as a more agile company, positioning itself for future growth and innovation in the automotive industry, especially in response to environmental concerns and changing consumer preferences.