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The retirement and healthcare payments they have are crippling them, they don't have much of an R&D budget at a time when all the other major manufacturers are spending billions working with hybrids and hydrogen, pretty soon they'll be left behind. People just aren't going to buy an Escalade or any of these huge engined behemoths GM brings out.
GM don't have a worldwide presence like the other manufacturers; BMW/Ford/Nissan/Toyota sell worldwide and get big BHP from smaller economic engines, GM just seems to produce big truck engines, which given the current oil prices, nobody wants to buy.
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