Why they sold off those assets is VERY easy to see. GM's bread and butter business, building cars in NA, was hurting. A very key part to turning it around would be heavy investment into new [[and better) product. This costs lots of money... something GM didn't have much of. The reasonable business solution is that you sell off valuable assets to fund that heavy investment. Sure those assets would earn you more money over time... but you need the money NOW. And a sale yeilds you more money now than holding onto the assets and collecting the profits.
I said it once and I'll say it again... GM needs to focus on making better cars more efficiently. The idea that they need to get into other industries right now is ridiculous. That's like saying "I'm a math major and I'm failing because i've taken on too much... So i'm gonna drop calculus and differential equations to just focus on trigonemetry and algebra.... but i'm also going to pick up a second major in spanish."
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