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General Motors Company, one of the largest names in the automotive industry, ranks #10 on Fortune of the largest US corporations by revenue. GM is big enough to have it&#;s business hands extended in countries with automotive manufacturing units in 57 countries. Annual sales made from all these countries and great automobile products were around $10 million in GM being the old player in the industry has had interesting ups and downs.

GM was founded by William C. Durant on September 16, , as a holding company and currently have hold of brands like Chevrolet, Buick, GMC, Cadillac. Electric self-starters used by everybody in their car these days were brought by GM in in Cadillac. Despite technical innovations, from , GM was on top in vehicle global sales for 77 years. In , GM made an Initial Public Offering which is one of the 5 largest IPOs till now.

Every big player goes through rough times once. GM had its fall also in the year GM lost around $85 billion during under the leadership of George Richard Wagoner. This was mainly due to reasons such as:

• Uncompetitive vehicles &#; There were long lead times in the production and processes of regular vehicles (buyers becoming reluctant).
• Ignoring the competition &#; Many market analysts spoke on ignorance of competition by GM. GM had a 54% car market share in whereas, in , 19% market share was owned by GM.
• Too many incentives and rebates provided despite bad financial conditions in the company.
• Scrapping EV-1, one of the electric vehicles project, to please oil companies. This led to filling the electric vehicle void by other companies.
• Mishandling deal with fiat &#; Dissolving 5-year old partnership with Fiat in
• GMAC (GM Acceptance Corp), now Ally Financial ended up making more money than the car business.

To save GM, they opted for selling treasury stocks to minimize pressure on stock prices. To save GM from bankruptcy in , a reorganization was done under Chapter of US bankruptcy code where a company, on the verge of bankruptcy, gets intervened by government and sells its assets, restructures debt, cancels contracts and closes operations. The government, under the leadership of Obama, lent GM with $30 billion where $20 billion was already given to GM providing the government with % in stocks. Despite this much ownership, the government decided to act as reluctant shareholders and not manage the business so as to make it run by private management. Canadian government chose to buy % of the stake at $ billion. UAW&#;s (Unites Automobile Workers) trust bought % and bondholders had 10% of GM stake.

GM was able to come out its bankruptcy with the help of government but it took a toll on the US economy too. Although GM paid back it&#;s loan earlier than the date it promised for payback, GMs stock price didn&#;t had very high value to compensate all the $50 billion lent by the government. This whole step stayed quite controversial for a whole lot of time whether the government should&#;ve taken a step forth to help GM or not. Today, GM has got back into its normal operations and marching forward to electric vehicles segments and great products.

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Deepanshu

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Chokladfudge med svarta bönor, chili, lime, nötter och gurkmeja. En antiinflammatorisk efterrätt som passar lika bra till jul eller när det är fest. Riktigt gott och enkelt att laga.

I år tänkte vi byta ut allt onödigt socker på julbordet och det här är en given favorit. Det här receptet på chokladfudge med svarta bönor är fyllt av nyttigheter och om du bjuder på den här är det svårt att gissa att den faktiskt innehåller bra saker. Full av fibrer, nyttiga fetter och antiinflammatoriska kryddor. Perfekt mat för dina goda bakterier. Fler recept på antiinflammatoriska efterrätter finns i vårt arkiv här.

Har du inte alla ingredienser hemma gör det inget. Limen kan bytas ut till en annan citrusfrukt. Se till att limen eller den citrusfrukt du väljer att använda är ekologisk då oekologiska citrusfrukter behandlas med imazalil som misstänks vara hormonstörande och cancerframkallande. Gurkmejan är inget måste så har du ingen hemma gör den inget för smaken och det går lika bra att använda mandlar eller någon annan nöt du gillar. Har du inte en stark matberedare eller high speed blender går det lika bra att använda färdigt nötsmör.

Blötlägg nötterna

Genom att lägga nötterna i blöt innan vi äter dem kan vi få bort antinutrienterna och på så sätt göra dem mer lättsmälta och näringen mer tillgänglig.

För att laga chokladfudge med svarta bönor behöver du:

1 dl blötlagda valnötter
1 dl blötlagda cashewnötter
7 dadlar
5 msk kakao
1 msk gurkmeja
zest och saft från 1 lime
1 krm cayenpeppar
1 krm salt
1 msk kokosolja
g svarta bönor

Gör så här:

1. Kör först nötterna i mixern.
2. Tillsätt övriga ingredienser och kör dem länge tills de fått en jämn konsistens.
3. Lägg i en form och ställ i frysen.
4. Skär i bitar när det är dags att servera.

Här tipsar vi om bästa blendern.

Vill du ha fler tips på antiinflammatorisk julmat finns det här.

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ZAMBIA’S metres gold medallist Kennedy Luchembe on Saturday served as the country’s flag bearer during the opening ceremony of the Youth Olympic Games in Buenos Aires. The Commonwealth Youth Games and the Africa Youth Games world ‘champion’ was announced at games currently taking place in Argentina.

The 3rd Summer Youth Olympic Games in Buenos Aires have got off to a great start. For the first time in the history of the modern Olympic Games, the Opening Ceremony was held in the street, with the celebration open to all – and over , people showed up for the party!

Addressing the young athletes in his speech, IOC president Thomas Bach said: “To get here, each of you trained and competed hard. You gave your best in the sport you love so much. This is why you deserve to be here, at your games. Every athlete is different. We all come from different parts of the world and have different cultures. But we are all united by the Olympic values of excellence, friendship and respect. Guided by these Olympic values, each one of you makes a difference in sport and in life. This experience will stay with you for all your life. We are all assembled here to celebrate you, as the real game-changers.”

The final part of the ceremony saw the Youth Olympic flame being passed between several young Argentinean athletes representing all the other athletes, the #GameChangers, who will be inspiring the public over the next 12 days of competition. The Torch Relay concluded with two legends of Argentinean sport – Paula Pareto and Santiago Lange – who had the honour of lighting the cauldron with the Youth Olympic flame.

The flame moved to the Youth Olympic Park, where it will continue to burn until the end of the Games on October