undefined | Better HN

0 pointsedw51917y ago0 comments

From your own link:

Stock Price History: 52-Week Change: -74.19%

I wonder if their owners would agree with you.

0 comments

3 comments · 1 top-level

hugh17y ago· 2 in thread

Which is to do with their financial situation, not with their sales. Sales are down slightly, but GM still sells more cars than anybody on Earth (except maybe Toyota, I haven't kept up with the sales figures for this year). Every time they sell a car, it's because somebody has decided they want the GM product instead of any of the many other products they could have.

There are weak spots in their product line (especially not having a decent entry in the small car market for the US) but their problem is that they have massive debt, not that their sales aren't strong.

edw519OP17y ago

Which is to do with their financial situation

What could possibly matter more than their financial situation? Honestly, ownership actually paid management to lose 75% of their equity in one year? That's only a little better than playing the lottery.

especially not having a decent entry in the small car market for the US

What else is there now? Don't you think it's been management's responsibility (maybe their biggest one) to forecast the price of gas? Who does it affect more?

This is like saying, "Other than that, Mrs. Lincoln, how did you enjoy the play?"

hugh17y ago

What else is there now?

I'm looking at a list of the top ten cars sold last month. Four models were small cars (Corolla, Civic, Cobalt and Focus), four were mid-to-large sedans sedans (Camry, Accord, Altima and Sonata) and two were big trucks (Ford F-Series and Chevy Silverado).

j / k navigate · click thread line to collapse