Should GM Go Through A Corporate Name Change?

By Jennifer McClelland

There have been quite a lot of corporations that have replaced their names subsequent to coming under attack and falling into bankruptcy. Some of the companies that have done that include ValuJet or now known as AirTran, Altria or as you may have once known it, Philip Morris, and Xe, which was once known as Blackwater. Even electronics maker LG has changed its name from Lucky Goldstar to just LG and claimed that it stood for Lifes Good and now its performing superbly with its sales of consumer electronics and appliances.

These businesses have done well with the name modification; it is as if they are detaching what they once were and becoming a another company with a sparkly, virtuous representation.

Marketing professionals across the country agree that the rebranding of GM could be a good thing. If the goal is to try and put this company on a huge diet and just turn it into a smaller car manufacturing company, Im not positive thered be that much damage in rebranding, said Jean-Pierre Dube, a University of Chicago marketing lecturer. The name isnt in good form, he stated, so they have not much to misplace.

The General Motors make has already become a flawed brand, with a reputation of constructing shabby quality cars and now with a massive bankruptcy filing under its belt, not to bring up what everyone thinks about the business taking all that federal cash to keep from having to file for the gigantic bailoutwhich they filed nonetheless.

Of course, right now many GM officials are sticking to what they know and not wanting to re-brand the corporation. CEO Fritz Henderson stated that re-branding wasnt very high on his list of things to do in the corporation. Which is probably a good thing to do taking into consideration all the troubles he inherited, but couldnt rebranding be given to the marketing department? After all, GM in spite of everything has one of those and it actually doesnt have the money to be throwing into high-cost television spots at present.

Bits and parts of GM have by now started to be rebranded; GMAC financial services has replaced its name to Ally Bank and General Motors Asset Managemnet is currently known as Promark Global Advisors.

But, with a company that is as well known as GM could it work?

I dont see anything wrong with trying to perhaps market the company differently than before, but an entire new brand could be tricky to pull off for the business. I believe that the best implementation of rebranding could come from if it were to rebrand some of its subsidiaries such as Chevy or Cadillac. - 23222

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