General Motors at 53 year low
Yes, you read that right - the guys at Valuecruncher report that shares in the once-mighty GM (”What’s good for the country is good for General Motors, and vice versa.”) have hit a 53 year low. And even that price looks dodgy, given the outlook for US big car and sports utility sales. You can play with Valuecruncher’s assumptions (they have a nice online model for you to use) and see if you agree.
How can a company with the resources that GM has, its ability to buy whatever talent, technology and business concept it needs, how can it have fallen to this? The only systemic problems are its own culture and modus operandi. Everything else can be fixed. Can the culture?
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June 30th, 2008 at 9:29 am
Agreed, seems like they’ve applied old models to the new problems
1) americans will by american
2) lobby and sue (California and government to support the car industry)
3) tells me that green isn’t a driver, economics is.. lucky for the planet the two may be linked
June 30th, 2008 at 5:11 pm
There’s a great article in the latest Atlantic Monthly on GM’s rush to build the Chevy Volt. Some really positive can-do signs in there for GM. I’m thinking of buying…