GM News Feed:GM Statement on its Commitment to U.S. Manufacturing

[Bruce Nunnally]

GM is committed to maintaining a strong manufacturing presence in the U.S., as evidenced by our more than $22 billion investments in U.S. operations since 2009. Yesterday’s announcements support our ability to invest for future growth and position the company for long-term success and maintain and grow American jobs. Many of the U.S. workers impacted by these actions will have the opportunity to shift to other GM plants where we will need more employees to support growth in trucks, crossovers and SUVs. GM’s transformation also includes adding technical and engineering jobs to support the future of mobility, such as new jobs in electrification and autonomous vehicles.

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[BodybyFisher]

I really don't know what to think about this with what happened in 2007/2008/2009 where they were heavily invested in trucks and suvs when fuel blasted through $4/gallon.  Gas is low now so they chase trucks, suv's and crossovers again?  They have created excitement with their recent offerings and abandon them?  

This looks suspicious to chase trucks, crossovers and suvs.  Think about what carly fiorina did to HP with bad decisions.  

And why did they do this? 

, Oct. 3, 2018. 

General Motors appointed a former deputy director of intelligence at the Central Intelligence Agency to its board on Wednesday.

Jami Miscik is the chief executive and vice chair of Kissinger Associates, a political consulting firm founded by former U.S. Secretary of State Henry Kissinger. She has held various top roles at the firm since 2009. Before that, she worked at Lehman Brothers and Barclays.

[BodybyFisher]

Companies can not "make a market" the market, ie, buyers, make "the" market.  I really hope GM is not going down that path.  

I saw an article where they were impressed with Tesla, really?  I see them as imploding, remove the tax rebates and see what happens if you want to see "the market".