<VV> re: GM Announces 30,000 Job Cuts

Padgett pp2 at 6007.us
Mon Nov 21 13:47:55 EST 2005


From: http://money.cnn.com/2005/11/21/news/fortune500/gm_cuts/index.htm?cnn=yes
Terminal idiocracy IMNSHO  (from the referenced article near the bottom)
 >Wagoner said he believed that a new line of large SUVs due early in 2006 
should give a lift to those sagging sales, and that some of its large SUV 
capacity is being changed to produce either SUVs or pickups, depending upon 
demand. He said GM needs to keep capacity for the vehicles that it can sell 
at the greatest profit -- namely the larger vehicles.<

"Why are you building large cars ?"
"Because they have the highest profits."
"But the public demand is shifting to small fuel-efficient cars."
"Huh ?"

GM, 1956 ?

Padgett



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