GM car sales were down 45% in October, it is inefficiently runnning far under capacity, and needs $25B cash. Can it survive?
Submitted 63 days ago by BobUS
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Wow, what a shocker. Again with the negativism. Liberal to the core. NEGATIVE NEGATIVE NEGATIVE. Aaaaahhhhhh, the sky is falling!
http://money.cnn.com/2008/11/03/news/companies/gmbadnewsgood_taylor.fortune/?postversion=2008110407
Apparently this is news. What was in the questions that is incorrect?
This comment has been moderated down. (Show Comment)
I didn't comment on the question's correctness, I commented on the negative hopeless tone of the question and the fact that it was posted by a liberal. I was drawing the correlation between constant negativity, hopelessness, sadness, anger, and liberalism.
Glad you are feeling positive. I am too - Obama is our next president!
This comment has been moderated down. (Show Comment)
I'm glad to hear it, we need more of that. Keep it coming! You'll be a conservative yet! ;-)
Meaning is imputed, not inherent.
If GM fails to quickly begin to produce quality vehicles that we want at prices we can afford, efficiently enough to make a profit, they will fail. They have the capability to do it; do they have the will? Toyota can do it, why not GM?
GM seems to suffer from two key problems: 1)awful timing, and 2)arrogance.
Their arrogance causes them to misread consumer demand. Why just this summer, they ran out of the new, small Chevy's with great MPG that were selling like hotcakes! Out of stock? That's the number one sin!
They treated the EV-1 (which was a fantastic electric vehicle) like a gimmick to placate California's regulations. They could now own the electric vehicle market with 3rd or 4th generation product by now had they treated it as an important future direction!
And look at how they behaved as the Iraq War progressed. With all of the brain power they have, how is it the Japanese understood that that gas prices would have to rise dramatically - because of heavy U.S. borrowing's effect on the value of the dollar, by which oil is priced - and GM missed it?! That's just crazy!
GM is kinda like the Bush administration. Wrong-headed!