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Porsche-O-Phile Porsche-O-Phile is offline
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The unions certainly don't help, but in this case I agree - the short-sighted, opportunistic stupidity was management's fault. If I were one of GM's board members I can't say I'd have turned down the opportunity to re-badge a bunch of junky Yukons and Tahoes as "high end" SUVs and sell them to dumb suckers for 3X the price either, but you'd also have to realize that eventually the party would end and you better have a bunch of good, desirable, economical vehicles waiting in the wings "ready to go" the minute the "easy money" party ends.

That's where they failed. Bigtime. But I think ultimately the death of GM will be due to the unions and out-of-control pension obligations. Eventually they'll be bought out by someone else, probably Toyota.
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Old 07-03-2008, 10:47 AM
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