Several of you have told me that GM is "so yesterday" that I should stop trashing them—as in ... Who cares?
Well they're still damn big, and still employ a lot of us. So I pose this question: Who's more incompetent, FEMA's chief or GM's? As I see it ... Whatta contest!
As I (clearly) recall, GM boss Rick ("I know things you don't") Wagoner said ... I KNOW THINGS YOU DON'T. Namely that buyers didn't give a shit about gas prices ... and would keep on buyin' his high-margin SUVs.
Of course RW couldn't have predicted New Orleans, but it seems as though the Japanese did!
Last week GM announced August car sales were down a whopping 13% (industry sales were up 3.8%) ... even as they continued their "free cars" employee discount. Ford's biggest SUV sales plunged ... 40%! And, oh yeah, Japanese car market share hit a new record, 39%. (Nissan ... +15%. Toyota ... +14%. Honda ... +23%.) So what, exactly, is it/was it that Wagoner knew that you and I didn't?
Before blogging became all the rage, Tom was posting book reviews and Observations (essentially early blog posts) to this site. You can find the archives below.
What we're talking about
on the front page.