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Fool UK
Recs
79% of the cars they sold in July were to the government. What does that tell you? The administration is obviously trying to hold up GM until about the time of the election at taxpayers expense. Holding GM at Halooween will be ANYTHING BUT a TREAT!!
Yup....Buying up the Vehicles while his best buddy Warren Buffet and friends do their best to WALK UP the stock price
pre-election.
Not to mention all of these misleading articles on the VOLT from all kinds of journalists spitting out "2,800 VOLTs sold by customers, see if the price is low enough everyone wants a VOLT!!!" Except only 850 VOLTs were actually sold by customers, instead of leased or sold to the Federal Government (Pentagon) by way of Mandated Clean Energy laws.
Sure there are some positives with GM I suppose.... Not everything they sell on dealer lots is junk......But the littany of hundreds of thousands of RECALs of late for all kinds of problems with a wide range of their vehicles is not a *growth* story. General Motors
is beginning to relive the same problems which lead up to their bankruptcy.
You will eventually see more and more people stop buying GM if the avalanche of TOTAL RECALLs continues.