SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Automobile technology and business management
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Arthur Tang5/23/2008 4:27:11 PM
of 44
 
I had been close to the GM management since the 1970s, when they had 60% of market. Then, VW scared them; but Toyota quality shocked them to change QA.

General Moose got lucky, when Chrysler suffered, and currency exchange rate with yen changed by the two governments, made Toyota three times more expensive. GM cars costing $5000 made in Framingham were sold for $15,000 each. GM had to store 15,000 cars in Framingham, rolled out from their factory. They kept a huge inventory not sold until two years later in 1987. They could have done wheeling and dealing and sold them inventory much sooner. It was Reagan recessionary time then.

Now, Wall street thinks recession, and GM and Ford are not wheeling and dealing. Shut down factories or allow union strikes to take a loss lying down?

It's Wall street's fault? GM and F stocks were overbought?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News