GM's sales have declined year-over-year in nine of the last 12 months, saved only by the employee pricing campaign this summer.
GM's competitiveness is not only dependent upon labor costs, but also on the speed of its decision-making, its success in responding to the market appropriately and its ability to identify the growth segments in the market.
GM likely doesn't have enough inventory to maintain a strong sales pace. And inevitably, the employee-pricing program is losing its effectiveness, as eventually happened to zero-percent financing, hot-button bonus cash programs, talk-show host car giveaways and other promotions.
GM likely doesn't have enough inventory to maintain a strong sales pace.
GM is going in the right direction, but it is not getting better as fast as the competition is getting better.
GM historically has derived almost a third of its earnings from the European business. It didn't do that in this quarter.
GM has many calls on its cash, including pensions, retiree health care and Fiat's put option,
GM and the UAW will collide at some point as the company's results worsen, ... The Delphi filing suggests that it will happen sooner rather than later.
Its easier for outsiders to be hard-nosed with the former parents of these companies. They're simply less bound by the fairly long, shared history.
It seems that November got off to an excruciatingly slow start, with new incentives programs from Ford and GM just now beginning to boost showroom traffic.
