Extinct?
Last May I compared Ford and General Motors to the woolly mammoths who were unable to adapt to changing conditions at the end of the last ice age and died out. Yesterday Billmon had a post on how General Motors is rushing to extinction. Now this is just amazing:
General Motors is pinning its turnaround on a series of new full-sized SUVs -- the very models whose sales have fallen as gas prices have climbed. GM previewed the redesigned Chevrolet Tahoe and several other 2007 models last week.Now the last couple of weeks we have talked about how ex FEMA head Michael Brown was totally oblivious to what was going on in the world around him. Now if they are looking for someone with a like mindset to replace him I would suggest they need look no further than the board room of General Motors.
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