More on the end of the Woolly Mammoths

As the earth warmed 10,000 years ago and man became a dominant species a giant animal was unable to adapt to changing conditions and became extinct, the Woolly Mammoth. Well conditions are changing again and another giant is unable to adapt, General Motors.

GM net loss $4.8 billion, much worse than expected

DETROIT (Reuters) - General Motors Corp. posted a fourth-quarter net loss of $4.8 billion on Thursday, much worse than Wall Street had expected, amid high costs, shrinking market share and sluggish sales of sport utility vehicles.

It was the fifth straight quarterly loss for the world's largest automaker and brought its losses for all of 2005 to $8.6 billion.

"The numbers are much worse than I thought they would be, especially given how Ford beat the estimates earlier this week," Argus Research analyst Kevin Tynan said.

Yes, the high cost of labor, health coverage and pensions will be blamed but the simple fact is that General Motors is making a lot of cars that are not compatible with changing conditions.