You know, all those GM retirees pensions are held in GM stock.
GM has been dropping a lot lately and was considered weak for quite a long time before. I would wait until the cycle completes and then maybe pick up some.
"U.S. automakers are bracing for another bumpy ride this year. The Big Three's market share will slip again...to about 56% of the U.S. market,down two points from 2004. Much-ballyhooed new models aren't wowing consumers. For example, sales of the Ford Five Hundred, the successor to the popular Taurus, are lurching along. The same is true for GM's Pontaic G6 and Buick LaCrosse. They're selling at one-third the rate of the Grand-Ams, Regals and Centuries that they are replacing. And higher-margin domestic SUVs are losing out to foreign competitors.
Detroit has no choice but to dangle more juicy incentives to lure customers, a practice that automakers had been hoping to curb.
That'll dampen profits this year and extend first-half cutbacks in auto production throughout the year. GM will pare back the most.
Foreign brands in the U.S. are enjoying much smoother cruising. Nissan, Toyota, Honda and others will see sales keep growing this year.
Asian manufacturers are building more plants in the U.S...in Tenn., Ohio,Ala., Miss. and S.C....and expanding existing ones. Look for Hyundai to roll out its first American-built cars by fall."