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Tuesday, April 19, 2005

Does this mean I should sell my stock?

News has hit the automotive world today that GM has posted a quarterly loss of $1.1 billion. While the numbers boggle the mind we must understand that it is a very competitive business and one wrong move can put you behind your rivals. With that in mind we bring you the Top 10 Bad Decisions made by General Motors (not sanctioned by the Letterman show – yet, but we’re trying)

10 .GM’s new hydrogen powered car the GMC Hindenberg.

9. GM incentive program, a date with Mike Tyson.

8. GM sponsorship of National Drink and Drive Day.

7. The Buick Crumplezone.

6. Chevrolet’s new slogan: “More cars, More miles, More gas.”

5. With every test drive, a free massage from your salesman.

4. The Cadillac Gas-guzzler.

3. New color choice… Bondo gray.

2. No longer using fine Corinthian leather, now using the second-rate stuff.

1. New slogan: “Want a Hummer?”


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