Date: Thu, 03 May 2007 12:51:50 GMT From: still me <wheeledBobnospamo.com> Subject: Re: GM's excess baggage - Buick, Pontiac, Saab, Hummer
On Thu, 03 May 2007 12:40:20 GMT, SnoMan <adminnospaman.com> wrote: >I agree that this all started in the 70's to save money and boost >profit but rather than putting those increased profit into research >and developement it went to bonuses, acuasiitions that later failed >and bigger payouts for stock holders. They are reaping today what they >sowed years ago. Exactly. When buyers started to ask for smaller cars, their reaction was to just keep jamming larger cars down their throats. Good strategy. And it continues today. Just at few couple ago, the CEO stood up and complained that raising CAFE standards was unfair because they (GM) manufactured more trucks and gas guzzling vehicles than Toyota and they would be unfairly affected... then later in the same speech he noted that their sales were way down because people were not buying large, gas guzzling vehicles with energy prices up so high. (Knocking on his head) Hellooooooo... is anyone in there ?
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