Put General Motors Down

By: streiff (Diary)  |  March 10th at 11:45 AM  | 

By any reasonable measure, GM, or at least its North American operation, is mortally wounded. The auto industry in the US is a mature one with very little room left to grow. The industry in general, and GM in particular, is saddled with excess and inefficient manufacturing capacity, extortionate union contracts which, for reasons known only to them, management agreed to, and enormous pension and | Read More »

Let It Die

By: streiff (Diary)  |  November 18th at 11:10 AM  | 

The overwhelming odds are that GM is dead. It suffers from a fatal combination of aging infrastructure, unimaginative management, oppressive union contracts, unsupportable health care costs, and now an emerging recession which has shaken consumer confidence. Any one or two of these could probably be remedied but the entire battery of ills is simply overwhelming. A doomsday scenario is being painted by those espousing a | Read More »