Tuesday, March 22, 2005

GM Commits Hara-Kiri

Two items from Autoguy: on the heels of news that GM's sales are down, way down, comes this insane redirection from Bob Lutz, who has cancelled the company's RWD offering (slated for 2008), and accelerated SUV and heavy truck production. They have bet heavily on the wrong horse; this could be the largest industrial bankruptcy since the New York Central.

Update 3/23: Reuters reports that GM is now publicly discussing killing a brand, with Pontiac and Buick as the two likely candidates.