Alternate Route

Jun 19, 2009 - Same Old, Same Old

Remember all the dire predictions about people not buying cars from a bankrupt company being a reason we had to throw money at GM? It didn't matter that people kept flying on bankrupt airlines, or any other example that could be shown, we had to throw that money away.

Well we wound up at bankruptcy for GM anyway.

Sales so far in June appear to be improving slightly, Henderson said. The company feared a drop-off in sales would result from a bankruptcy filing. GM entered Chapter 11 on June 1.

"We have seen small improvements in sales on a monthly basis, with our key messages on product and brand getting through," he said. "We are listening to customers and our dealers, modifying as needed, and will continue to make changes."

Hmm... so I guess all that Chicken Little the-sky-is-falling stuff was just a bunch of crap.

As The Who sang... Meet the new boss. Same as the old boss

Read more at CNNMoney.com

3:14 am | Categories: commentary Permalink | Alert Administrator

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