Chuck
07-09-2009, 10:23 PM
http://www.cleanmpg.com/photos/data/2/AmericanFlag.jpg GM is particularly weak among consumers in their 20s and buyers who live outside the Midwest, where most of the company's plants are located. (http://www.latimes.com/business/la-fi-gm10-2009jul10,0,2965015.story)
http://www.cleanmpg.com/photos/data/501/gm-green.jpgJim Puzzanghera and Martin Zimmerman - LATIMES (http://www.latimes.com) - July 9, 2009
Winning the confidence of the American consumer will make the 39-day bankruptcy seem easy. Guess who's staying? (http://www.cleanmpg.com/forums/showthread.php?t=23458) --Ed.
Excerpts:
Amid speculation that GM will change the blue in its classic logo to green to highlight its environmentally friendly rebirth, the company will have a tough time turning its bottom line from red to black, analysts said. Vehicle sales have plummeted worldwide because of the global recession. And GM's image, already battered after decades of declining quality, has been further damaged by its plea with the government for billions in taxpayer money to keep it from the corporate scrap heap.
"It's impressive that they got through bankruptcy that quickly," said Karl Brauer, editor of auto website Edmunds.com. "But . . . when it takes you three or four decades to tear down a car company's image, it takes more than 39 days to bring it back."... http://www.latimes.com/business/la-fi-gm10-2009jul10,0,2965015.story
http://www.cleanmpg.com/photos/data/501/gm-green.jpgJim Puzzanghera and Martin Zimmerman - LATIMES (http://www.latimes.com) - July 9, 2009
Winning the confidence of the American consumer will make the 39-day bankruptcy seem easy. Guess who's staying? (http://www.cleanmpg.com/forums/showthread.php?t=23458) --Ed.
Excerpts:
Amid speculation that GM will change the blue in its classic logo to green to highlight its environmentally friendly rebirth, the company will have a tough time turning its bottom line from red to black, analysts said. Vehicle sales have plummeted worldwide because of the global recession. And GM's image, already battered after decades of declining quality, has been further damaged by its plea with the government for billions in taxpayer money to keep it from the corporate scrap heap.
"It's impressive that they got through bankruptcy that quickly," said Karl Brauer, editor of auto website Edmunds.com. "But . . . when it takes you three or four decades to tear down a car company's image, it takes more than 39 days to bring it back."... http://www.latimes.com/business/la-fi-gm10-2009jul10,0,2965015.story
