Competition is good.
Let them continue to earn it.
well if it means that GM will grow a pair, tell the unions to stick it and then build quality cars, cool....
But chances are that won't happen...
I'm looking for a 5 passenger SUV with all the safety features, including Electronic Stability Control. So far I haven't found an American one that I like. Also, it seems that all new vehicles have large blind spots in the rear corners.
Love my Tundra!
Without a fight? What have they been doing for the last 30+ years when Toyota grew from almost nothing to a company that is almost their size? The critical moment came and went in the 80s when ALL GM cars looked the same. You know things are bad when they start making Cadillacs that look like Cavaliers and expect people to buy 'em.
Unlike some FReepers, I always buy American. Despite this, I haven't bought a GM car in over 10 years--even though I have close to a $2000 credit on my GM credit card. Last month I test drove a Pontiac Solstice, which I'd been drooling over for months. Awesome looking car, but very disappointing performance. It had almost zero interior room (no place to keep even a briefcase if two people are in the car), kept stalling and the automatic lacked power (hard to believe for a car that size). I ended up buying a Dodge Charger (a great car for the $$). Ten years ago, I wouldn't have given Chrysler the time of day, but I took a chance on a V6 Sebring a few years ago and it has performed flawlessly. The new Nitro is very hot as well.
For many years people thought that the japanese had a lock on gas mileage. The fact was they made small light cars with no power. That is the secret to gas mileage. Now that Toyota and Nissan make full sizd pickups they get no more gas mileage than Ford and Chevy. Their cars are pretty much the same. If you want gas mileage you must sit in a car that can be crushed by anything larger than Motorcycle.
In further comments, he said, "We'll defend our #1 position by cutting the price of our vehicles by 50% if necessary. We think this will help ensure customer loyalty because they'll need the other 135% for repairs."
Shareholders loved the plan. Major Equity Mutual Funds were unanimous: "We want GM to generate losses in our portfolio, because we need to offset the capital gains taxes we paying on the huge runnup in Toyota stock," said John Bogle of Vanguard.
Individual shareholders agree. "GM is my largest holding," said Warren Buffett. "After Bill Gates, I can't think of a bigger charity case in the world."
GM just placed an order for 10,000 of gray plastic knobs/dashboards to put in every single vehicle they make!
What an economic engine!
Regards, Ivan