General Motors finally is making some decent and competitive vehicles.
But it may be too late to keep the once mighty car-making colossus from crashing and burning because its modest turnaround has been on the backs of gas-guzzling SUVs and pickup trucks, a segment of the market that has all but collapsed, and it has very little in its inventory that can compete with the hottest segment -- high-mileage hybrids from Toyota.
Incidentally, Toyota's stock-market value now stands at $162 billion compared to just $6 billion for GM, whose shares sank to a 34-year- low last week.
Chapter 11 would seem to be a viable alternative, but with CEO Rick Wagoner sounding more like Richard Nixon by the day, don't hold your breath.
Monday, June 30, 2008
GM: Too Proud Or Stupid For Chapter 11?
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