Wednesday, October 3, 2012

On GM

GM would have bankrupted with our bailout money disappeared without China; a good portion of the profit is from China even today. It thrives these days with the Sino-Japan quarrel. The other factor is the screwing up of Toyota by her stupid management, where no management is the best management.

GM's management did not respond to the market but had a wet dream of unattained potential profits and bonuses.

Volt should be in the lab for five more years. It almost drove GM to another brink of bankruptcy.

GM should be case studies in all business schools. When GM bankrupts, most likely U.S. bankrupts too with the sinking Titanic. That's the reason we really want GM to prosper even we're not a GM investor.

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