Miken

The Ultimate Value Trap

A couple of corrections:

1. Toyota has three brands: Toyota, Lexus and Scion (you know the ones that look like kitchen appliances in which you burn bread).

2. The UAW is not far sighted, they have succeeded in killing themselves. As recently as five years ago, they had over 200,000 GM members...they now have less than 60,000. If the UAW were so far sighted, why are all of the U.S. based car maker importing more and more vehicles?

3. Have you noticed that the current set of GM leadership has removed more than $9 billion in structural cost? The current issues are not the fault of the current team. At the same time launching acclaimed vehicles such as Malibu, Aura, Enclave, Hybrid Tahoe, etc.

Since the author is Canadian, I suppose it seems to him that GM is still a high cost producer. Canada has taken over as the most expensive place in the world to manufacture cars.

I think I'll take my investment advice from someone other than a nurse (no offense to nurses, you perform a great service to humanity, but investment advice is simply not one of them).