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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (442528)	12/24/2008 3:07:37 PM
From: Alighieri	Read Replies (1) \| Respond to of 1577111

"The issue is not whether there can be a rescue at General Motors; the issue is whether the current management can save it. The record is not good. Since 1992, GM's U.S. market share has fallen steadily--from 34% that year to 19% in May. Many of GM's leading executives are from the finance side of the business, but the financial failures are numerous. The company wasted $2 billion on an investment in Fiat and many billions more on the Delphi (other-otc: DPHI.PK - news - people ) spin-off. Management also wrecked GMAC (nyse: GJM - news - people ), its car loan subsidiary, by lending mortgage money to people who could not pay it back." The unions made them do it. Al