BioInvestor

General Motors: General Malaise

hoffman23, you're ignoring the facts! Check out the financials for GM: it's pretty clear that the company is in serious trouble.

I don't accept that GM reacts quickly to change; at least, I don't see any evidence to support the claim.

The quality argument is a myth. For example, if you check out the JD Power website, you'll see that the big three receive the first place ranking in dependability in only five out of nineteen categories. Read the survey results from Consumers Union and you'll see that the Big Three perform much worse. The quality may have improved, but it's still not on par with competitors.

For the record, Peter Lynch may have advocated buying what you know but he insisted on looking at the financials of companies too.


On July 9, hoffman23 wrote:

When does this stupidity end? GM has a very bright future. First look at the overseas business. It's booming!!!! Next, look at how quickly this company is reacting to the current dramatic change in the market. As a veteran of 30 years in this industry, GM used to take YEARS to react. Now they can change within weeks. And PLEASE stop lumping GM and Ford together. The situations are completely different. FORD has put up the entire company including the Blue Oval as collateral on its loans!!!! GM will survive and eventually prosper. Ford and Chrysler are quite a different story. Why don't you write about Toyota and their
Tundra-Texas factory fiasco. How about how much the Europeans are losing money on their American sales due to the crappy dollar? If you went out into the marketplace and compared the quality of the various vehicles, you would have a very different tune. Try the Peter Lynch theory of actually getting out of the ivory tower and going among the masses. It will open your eyes!!!