Re: GM vehicle? Not me.
Ive been behind the wheel of GM trucks for a while, and I would not hesitate to purchase another. Yes, GM has its fair share of problems, some beyond the control of GM, but the amount of "bailout" (loan) money they have received is a pittance compared to the financial industry. I can understand the hesitation to buy a GM car nowadays, but I think that hesitation spreads to areas beyond GM.
Sometimes these articles drive me crazy - everyone in the media has something to say about how to fix the American car industry, how to fix GM, etc, even though they dont work in the car business and are speculating at best.
One of my favorite quotes from the article, referring to Waggoner, was "...He is considered responsible for increasing GM's focus on trucks and SUVs—at the expense of the hybrids and fuel efficient cars that have become more popular in the last couple of years."
What a ridiculous statement that is. GM made a TON of money on trucks and SUV's when they were popular. Small cars are generally considered loss leaders for many companies, and most consumers would rather have something with a bit of power and space.
Unfortunately (Politico take note), the problem is not that people (or as they call them, "consumers") are only buying small cars and hybrids - it is that people are NOT BUYING ANY new cars at all. Even Toyota is hurting in the most recent downturn...
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If I had something smart to say, I would definitely put it here.
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