“GM shares have lost 49% of their value relative to the Dow.” – Is Another Bailout Coming?

Let’s hope not. But if GM keeps making cars the way it is currently making them Louis Woodhill at Forbes.com says that it’s very possible. For all the money the taxpayers have poured into Government Motors, for all the propping, for all the jawboning by the president, one truth shines through. GM just doesn’t make a particularly good car.

Woodhill argues that companies such as Volkswagen and Hyundai produce higher quality vehicles, at a similar price point, more profitably, and that they are hammering GM. That, mis amigos, is the name of the game.

There are exceptions. Cadillac (part of GM) has come light years from where it once was. It now produces a product which many people legitimately argue is on par with what BMW and Mercedes Benz produce. That is a huge accomplishment.

But Cadillac isn’t going to save GM.

It may be up to the American taxpayer to do that. Again.

Click here for the article.

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