AD.COM - Can GM Be Saved?

[AutomotiveDigest]

Summary:

"Will GM be pushed over the bankruptcy cliff? Not if it's up to chairman and CEO Rick Wagoner. 'Nobody's got a bigger stake in this than I do. I have this little sort of burden of history. I'm not going to be the guy that doesn't get this company going in the right direction.'"

To view full Digest, visit: http://www.automotivedigest.com/view_art.asp?articlesID=18293

Please post your comments!

[elawless]

I think GM can be saved, but it will emerge a shell of its former self. How many lines of cars do they really need? Maybe the less is more line of product strategy wouldn't hurt.

Any thoughts?

[mchastek]

I agree. Toyota is managing to capture the entire US market with only three brands (Toyota, Lexus, and Scion). How many does GM have? 10? 12? I know they have a lot.

[elawless]

Ford also has an unnecessarily large number of brands. Ford, Lincoln, Mercury, Jaguar, Mazda, Volvo, Aston Martin and Land Rover.

To a certain extent I understand having different brands as they are position differently, but clearly the strategy does not work. I wonder how many American brands will be left in 10-15 years.

[rachelg]

Gm has been in this position before so do not count them out of the auto service industry just yet.

[andrew_f]

I think GM has a good position in Motor Industry with many brands. So, It will be saved.

[wallis]

With people coming to grips with oil supply, pricing, what is GM doing?
Building more giant SUV's that not only use hugh amounts of gas, but now ethanol ! Great, use up the oil, and now use up all our food. GM's stupidity, is so comical, it make everyone laugh, then cry. My next car is a mercedes Fourtwo,41MPG, or any car, but a GM monster movie car.
Oh yes enough of the ridiculous truck ads. I turned my desert into a garden, and my mountain, into a compost pile, and I dont need no stumps pulled....LOL
Die GM, die, quickly.