Uh.....GM's first down quarter was in 2006.
Yes, it was, but it was largely a loss generated by writing down the value of tax credits resulting from a gradual loss of market share, which was, of course, to be expected with so many new entrants into the market place.
I think that's what you guys are missing: that when you have tons of new players in a market place, some of the old players are going to give up market share. Period. Particularly, when the new players (Lexus, Acura, Infiniti, BMW, Mercedes, Hyundai, for example) are well-financed so that they are insured of being able to survive. When they start building plants here and using labor that knocks off anywhere from 1K to 2K per vehicle, I honestly don't know how you think union automakers are going to compete. It is intuitively obvious to a f*cking idiot that you have to solve that problem to be competitive.
TM has yet to report a down quarter although its expected that the December half will be negative. Why do you defend the indefensible?
I don't defend anyone. I just stated what should be obvious fact. |
