madasiwannabe

Too Big to Fail, or Too Metastatized?

GM painted themselves into a corner. They produced an inferior product for many years and failed to remain competitive. They were virtually shut out of the daily driver market and were more than content to rely on the truck and gas hog SUV market. Better option would have been listening to the market and learning from their competitors. GM also makes a slew of hybrid/electric/hydrog... vehicles that are not available in the US. Now they want the taxpayers to give them 25 Billion for research? Give me a break.

GM came up with creative incentive and financing programs over the years to get people behind the wheel. These same programs destroyed resale value, further chasing away the market. Now it has come to the point where they can't sell a vehicle without slashing the price. Not a liquidity issues; it's a stupidity issue.

The market is not crule, it's darwinian. If you fail to evolve or forget why your in business, prepare to become extinct.