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- IBD: Something smells at GM, and it's not just their new Cadillac men's fragrance (Yes, it's for real. Toronto Star: "Eau De Bailout"). GM's sales and share are crashing, but some strong assets just underscore why it should have undergone a normal bankruptcy, not a politically rigged one.
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This news story has 8 comments:
Even guys I know who have GM tattooed on their butts (never bought anything but GM brands) are now buying or considering Ford for their next purchase. After earnings announcements from Ford yesterday, it looks like they could be poised to be competitive with Toyota as having the largest US market share.
If even their most loyal are embarrassed at what has happened in this rigged bankruptcy, GM has serious work to do to regain the confidence of the average American.
> If even their most loyal are embarrassed at what has happened in
> this rigged bankruptcy, GM has serious work to do to regain the confidence
> of the average American.
No its the Government that has to regain the confidence of the people. Its the government that violated its trust of the American people.
But you have to admit that GM was complicit.
> Agreed Neil -- I defer to your wisdom.
> But you have to admit that GM was complicit.
Yes, but they would not have received anything without the government giving it to them. So the blame is squarely with the government.
When you give money, give money, and give more money to family members and nothing changes, who is the fool. Certainly not the family member asking for the money.
A. By losing one customer at a time.
Count me among the majority that won't even put GM on their shopping list. This from a guy who was solid GM until the late 90's. It was the last straw (crappy car combined with dealership and manufacturer indifference) that soured me permanently.