dpro0102

GM's Last Fatal Mistake

Weak Dollar and Zooming Sales in overseas market. Maybe the domestic market (the only market the author seems to know anything about) won't fully control this Global Companies' fate? Perhaps it's the American's turn to benefit from the currency trade, under free and open market economic forces. This has benefited the Japanese Automakers for decades - but of course their currency values have been heavily subsidized by the Japanese Government. It's nice to know that their government is more or less willing to bankrupt their home economy to help ensure their success overseas. Euro is up 50% vs. the Dollar - but the Yen has only moved from 120 to 107? Point is the demise of GM has been predicted by everyone, it's the Wolf we've been hearing for years. It's really easy to write about, and really easy to get wrong. The reality is that GM is still the top global auto manufacturer in terms of sales (may lose out this year - but that makes them #2 - the spot Toyota has held for a few years. Didn't seem to be death sentence for them?). I'd put a lot more worry in Chrysler and Ford.