GM Posts Huge Loss

Ron61 · #1 (**permalink**) 02-26-2009, 08:01 AM

From the sound of this, the news isn't to good.

http://www.reuters.com/article/busin...e=businessNews

Ron

4RE KLR · #2 (**permalink**) 02-26-2009, 08:43 AM

This does not surprise anyone, except the powers that be in GM.

The ones that should have been keeping their eye on the store are the ones who now are finding out the cookie jar is empty.

GM should have started building what people wanted to buy ten years ago... or more.

bdeutsch · #3 (**permalink**) 02-26-2009, 09:18 AM

Peter Egan, in a way that only he could master, has a very good column about this in the April 2009 issue of Road & Track. Title of the column is The Retreat of People Who Make Things.

I know it made me think about this topic is a slightly different perspective and fundamentally think what he says is correct.

Jamo · #4 (**permalink**) 02-26-2009, 01:15 PM

...and we threw money at it. Assinie.

Don · #5 (**permalink**) 02-26-2009, 02:30 PM

The article that bdeutsch refers to:

Side Glances
The Retreat of People Who Make Things: Pondering that hard-working endangered species.

By Peter Egan, Editor-at-Large
April 2009

http://www.roadandtrack.com/article....rticle_id=7716