Tuesday, April 4, 2006
Well it's official March 2006 - GM declines in North America by 14% vs. last year. Market share 23% Of course we hear from management the usual "spin". Meanwhile Toyota enjoys their best month on record. Need I say more? What's next Rick...you're running out of things to sell you RAT!
I would have some respect for Red Ink Rick if he had said it like it is rather than avoiding making the necessary corrections in marketing to drive sales. Instead he played the small investors into thinking he sincerely wanted to improve. These people are not that sequentially stupid as to lose so much share so consistently. They know exactly what they are doing and that is why the Board supports such dismal failure. Imagine Al Davis of the Raiders on GM's Board. Do you think he would allow a mantra of "Just lose baby"?