The only reason GM refuses to eliminate their only problem: every five years, GM puts out propaganda that says, "We were making bad cars. But now we have our act together." After seeing this maybe eight times, well, 'fool me seven times, shame on me'.
GM has suddenly improved their quality. Only some GM cars have engines that were industry standard 15 years ago. Some GM cars are now doing what foreign competition was doing 10 years ago. To those who love to be lied to, that means GM products are again competitive.
GM has great communication majors - also called propaganda. A chief engineer was a graduate of an industrial arts school - not a car guy - so that GM bodies would look prettier. It works. Many see the pretty body rather than the same old shit beneath. 35 years later and GM still does not have what is standard in all cars - the 70 Hp per liter engine? Until GM cleans house - has top management that drives cars (have driver's licenses), then innovation cannot happen. GM can only feature what was standard elsewhere 10 years ago. GM products will remain failed promises due to bean counter management as the chart demonstrates for the past 25 years.
GM has just averted bankruptcy by four hours in 1991. GM value increased after their lowest period? Of course not. GM kept making promises that too many believed and that were myths. Red is the Dow Jones Industrial. Green is the S&P500. Blue is GM:
Last edited by tw; 05-08-2008 at 12:33 PM.
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