Wednesday, March 2, 2011

So not everyone is happy with GM these days...

Two WSJ reporters, Evan Newmark and Dennis Berman, offer up some reasons to "hate GM."



Reasons to hate GM include:
— Falling share prices
— The recently profitable automaker operates in an industry "plagued by overcapacity"
— Incentive payments in US went up in 2010 Q4
— Rising price of oil a problem for an automaker dependent on the sale of its trucks
— A small competitor (Volvo) has just gotten a big backer (China)

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