When I read this article on GM, it was like reading about a friend who has a terminal illness but is in denial over how bad it is.
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A weblog about urbanism, technology, & culture.
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This is a weblog about urban issues, technology, & culture published by Jordon Cooper since 2001. You can read about me and the site here and if you are looking for one of my columns in The StarPhoenix, you can find them here. If you've got questions, concerns, or an interesting link for me, let me know
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… yah, heard GM’s Prez on the radio this AM … sounded a bit like GM did not think the perfect storm of oil $$ + labour strength + buyer fickleness would ever = this kind of downsizing ( laying of another 2200-2700 staff ).
$51 billion in 3 years?!
Sounds like the capital and debt markets are getting ready to pull the plug.