Monday, September 15, 2008
Happy 100th Birthday to GM
Tomorrow, September 16th, marks the 100th anniversary of Will Durant's attempt to give the American public a choice in what they drove. Congratulations General Motors.
Unfortunately, these are not the best of times for the venerable giant which is now hemmoraging a billion dollars a month. Whether there will be more birthdays is to be seen. GM Vice Chairman Bob Lutz says these are very challenging times with auto sales the slowest in years and economy in bad shape.
People's buying habits are changing with the outrageous gasoline prices (but notice WHO IS MAKING UNIMAGINED PROFITS). Plus, the government wants all auto fleet models to be getting 35 mpg by 2020. Lutz sees the 4-cylinder engine as the predominant one in 5 to 10 years.
Anyway, Congratulations GM. From a GM Guy. --RoadDog
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