24/7 Wall St.
06-06-2008, 07:50 AM
24/7 Wall St. Daily News
There was nothing wrong with relying heavily on pick-ups and SUVs for the bulk of GM's (GM) sales. That is what CEO Rick Wagoner told the FT. The fact that "light trucks made up 52 per cent of GM’s US vehicle sales last month, compared with 34 per cent for Toyota." should be ignored. Wagoner believes that the Japanese went after the light truck market just as much as his company did, but that they were late to the game. That is good for Toyota (TM). By the time it got close to being a contender for SUV sales, the...http://feeds.feedburner.com/~f/typepad/RyNm?i=iAv3jI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=iAv3jI) http://feeds.feedburner.com/~f/typepad/RyNm?i=OJd21I</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=OJd21I) http://feeds.feedburner.com/~f/typepad/RyNm?i=ZnYEti</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=ZnYEti)
complete story here... (http://www.247wallst.com/2008/06/gm-gm-we-have-m.html)
There was nothing wrong with relying heavily on pick-ups and SUVs for the bulk of GM's (GM) sales. That is what CEO Rick Wagoner told the FT. The fact that "light trucks made up 52 per cent of GM’s US vehicle sales last month, compared with 34 per cent for Toyota." should be ignored. Wagoner believes that the Japanese went after the light truck market just as much as his company did, but that they were late to the game. That is good for Toyota (TM). By the time it got close to being a contender for SUV sales, the...http://feeds.feedburner.com/~f/typepad/RyNm?i=iAv3jI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=iAv3jI) http://feeds.feedburner.com/~f/typepad/RyNm?i=OJd21I</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=OJd21I) http://feeds.feedburner.com/~f/typepad/RyNm?i=ZnYEti</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=ZnYEti)
complete story here... (http://www.247wallst.com/2008/06/gm-gm-we-have-m.html)