Quote:
Originally Posted by DC5
Good! GM needs to cut the fat of underutilized manufacturing facilities and focus on remaining profitable while producing better and better vehicles. Why do people, ostensibly like yourself, care if GM is one of the largest automobile manufactures (this is a sincere question)? I'm sure most of us remember when GM pursued volume over profits, and the outcome was poor for both GM and its investors as well as consumers.
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I do not care if GM is one of the largest automobile manufacturers. I remember Rick Wagoner bragging that they were number one in sales (not profit) while GM was losing money hand over fist.
I do mourn what the auto industry is morphing into. The American dream consisted of owning a nice car and exploring the open road. Those days are going the way of the dinosaur. I also feel sorry for the thousands of people who will lose their jobs. GM will probably heavily invest in their assembly plants in Mexico now.