On Thu, 3 Jul 2008 03:29:08 -0700 (PDT), trippin-2-8-track
wrote:

"June was a dismal month for the industry overall, which posted a 18.3
percent sales drop, according to Autodata Corp. Only Honda, whose
lineup is tilted toward smaller and more fuel-efficient cars, managed
to report a sales increase for June "

small potatoes to a company that has the largest market share in USA-
and was able to survive the Great Depression of the 1930's snip

Barely. GM didn't "survive" off of auto sales in the '30s. They were
doing a whole lot of other things that made more profit than auto
production.

This time, though, with completely inept management and a stunningly
useless product line from its core business, they are indeed headed
for collapse. All the other subsidiaries and divisions which were
non-auto related have been spun off to raise cash; there's nothing
left to sell anymore. Plus, in EVERY case where GM does a "spinoff,"
the spun off division winds up making money AFTER GM's stupid
management is cast off. Newest example: Electro-Motive Diesel, which
is now ramping up production to do battle with GE on locomotive
production at its La Grande, IL factory built by GM in 1936. While
still under GM control, La Grange was a wasteland and all production
was done in London, ON. A similar story can be told by Detroit
Diesel-Alison, which GM almost mismanaged into a quagmire, onliy to be
rescued by Roger Penske.

Sadly, in the EMD case, the owners are off-shore. US corporate
management has become so inept and so committed to failed Harvard
Business School philosophies that they ruin everything they touch,
just as has their political operatives in the Republican Party, which
is itself poised to go the way of the Whigs after November.