GM death watch: part III in a series over at The Truth about Cars.
Dan Neil's article on problems at GM and some new Pontiac in particular. Apparently The General
threw a hissy-fit and withdrew its advertisments from the Times (more from T.A.Cars). Indicative of how deep the problems go.
I can imagine what a soul-sucking place it must be to have to spend a life within, even worse to feel like you need to count on it for sustinance.
"GM is a morass of a business case, but one thing seems clear enough, and Lutz's mistake was to state the obvious and then recant: The company's multiplicity of divisions and models is turning into a circular firing squad. How can four nearly identical minivans — one each for Pontiac, Buick, Chevrolet and Saturn — be anything but a waste of resources? Ditto the Four Horsemen of Suburbia, the Buick Rainier, Chevrolet TrailBlazer, GMC Envoy and Saab 9-7X. How does the Pontiac Montana minivan square with Pontiac as the "Excitement" division? Why, exactly, is GMC on this Earth?" - Dan Neil
"GMAC Finance is the only solidly profitable part of the entire multi-billion dollar corporation; everything else is either limping along, a dead loss or a loss leader. Dump the car and truck making side of the equation and GM becomes instantly profitable. What’s more, under independent ownership, each division would be leaner, meaner and quicker on its feet. Think about the breakup of AT&T, and the highly competitive, hugely profitable baby Bells it spawned" - Truth About Cars
I couldn't give a rat's about the products that GM makes, but I have taken an interest in how companies are run and how people create things. I'll admit to being curious as to how this will all play out, mostly as a result of Farago's thoughts on all of GM's divisions being pushed under the banner GM, rather than as individual units.