Going down a Hybrid Tube

[xoxoxoBruce]

TW, did you type out that quote from the magazine rather than cut and paste from a site?
GM's been run my MBAs instead of "car guys" for a long time.....and it shows in their product line. That's why nobody wants them.

[tw]

From the NY Times on 11 Mar 2005 How Long Can G.M. Tread Water?

General Motors, which controlled nearly half the American market as recently as the late 1970's, held about one-quarter in February. Last week, the company said that it would produce 300,000 fewer cars and trucks in North America in the first half of this year, a 10 percent drop from a year ago.

Its European operations have lost money for five consecutive years and rising interest rates are expected to cool its lending division. With its shrinking profits dwarfed by those of Nissan and Toyota, G.M.'s debt is threatened with a downgrade to a junk bond rating, a move that could force it to pay more to borrow money.

Always pay attention to comments from Mary Ann Keller, formally of the Wall Street Journal.

"they're careening from one mess to another," adding, "the only thing that could make things better is a major restructuring."

History of American business means bankruptcy or the immenent threat thereof is the only way to save such companies. Previous examples include both Chrysler and New York City. Article also provides this chart with further information concerning this chart: