Was at the supermarket this afternoon and spied a copy of the May 9th Business Week. The cover story was the future of GM. The cover art was a car headed down the road...but whoa...a chasm had opened up and the car was perched on the edge about to topple over into the void.
Guess which GM car Business Week had chosen to represent the fall into the void? Yup, none other than our Goat!
The article went on to speculate about the short and long term prospects of GM and their strategy to deal with issues they face. It also speculated (half dozen different theories) on why Kirk Kerkorian at age 87 is investing heavily in GM shares.
Well, business theories aside, I think they could have chosen many other poster children to represent GM's product and strategy mistakes. But, like it or not, the lackluster sales of the 2004 GTO have made this car an emblem of failure the likes of the Edsel for GM. The market has a perception in their mind and it will be nearly impossible to change it. I'd say kiss the GTO goodbye after 2006. GM will want to run and hide from this fiasco. What a shame. The car is great. Oh well, we all own a little piece of automotive history.
Guess which GM car Business Week had chosen to represent the fall into the void? Yup, none other than our Goat!
The article went on to speculate about the short and long term prospects of GM and their strategy to deal with issues they face. It also speculated (half dozen different theories) on why Kirk Kerkorian at age 87 is investing heavily in GM shares.
Well, business theories aside, I think they could have chosen many other poster children to represent GM's product and strategy mistakes. But, like it or not, the lackluster sales of the 2004 GTO have made this car an emblem of failure the likes of the Edsel for GM. The market has a perception in their mind and it will be nearly impossible to change it. I'd say kiss the GTO goodbye after 2006. GM will want to run and hide from this fiasco. What a shame. The car is great. Oh well, we all own a little piece of automotive history.