The Betsy

GM Gets Some Good News, Chrysler - Not So Much

Like father like son. You already told us this story. That's OK. I like hearing it. However it will come about, we will become our parents' "greatest generation" again. We will do whatever it takes. "No pain, no gain." -- Is this really true? I just sure hope it doesn't hurt too much. We've all gotten so soft, fat and comfortable. There's still time to give up foreign goods for Lent.


On Mar 22 10:11 AM The Mad Hedge Fund Trader wrote:

> Too bad they are 30 years too late. I’ll tell you what GM’s problem
> is. My dad was a religious lifetime GM customer, buying a new Oldsmobile
> every five years. Once he even flew to Detroit for a factory tour
> and drove his new prize home. Thirty years ago I told him he was
> doing GM no favors by buying their cars, and the only way to force
> them to improve a deteriorating product was to buy better made German
> and Japanese vehicles. This was right after the State of California
> had forced auto makers to install seatbelts on new cars. Airbags
> and ABS brake systems were still years away. His response, “I didn’t
> fight the Japs for four years so I could buy their cars.” (He was
> a Marine). GM’s problem is that my Dad passed away seven years ago.
> Of the original 17 million WWII veterans, 1,500 a day are dying,
> and there are only 1.5 million left. All of them loved Detroit because
> it built great Jeeps, Sherman tanks, and half tracks. Their kids
> prefer German, Japanese, Italian, Korean, and soon, Chinese, and
> Indian vehicles. It is no coincidence that GM’s problems really accelerated
> with the passing of the “greatest generation.”
>