Quote:
Originally Posted by javadog
It's a knee-jerk reaction made at a time when GM is reporting record profits. Let's also say that they have a track record of investing in products that nobody wants and failing to build products that sell well. They can't seem to plan ahead, they can't seem to build with the public wants, and they overreact when they perceive things are not going well.
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Mary Barra is being proactive. Design cycles are pretty long, and some of these vehicles were in the pipeline before she became CEO. She’s unwilling to hang on too long to vehicles that aren’t going to do enough for future earnings. So, Barra is pruning while the company is healthy, so she can afford to invest more in GM’s future. As a shareholder, I like it!