GM is obviously running on fumes in terms of money, while Toyota has billions on hand to weather the storm. The strength of the two companies is not equal, to say the least.
But if the company that many consider the strongest automaker in the world is suffering as badly in terms of sales and net profit, it’s harder to write off GM’s problems strictly as poor management.
I couldn’t agree more. I never thought it was poor management overall with GM. Maybe some iffy decisions over the past few years, but not the kind of poor management people were complaining about.
And the fact that Toyota did even worse is proof that it isn’t just the “undesirable” American cars that aren’t selling. Nothing is. That’s not management; that’s life.
via Toyota Loses $7.7 Billion, Illustrates Global Auto Slowdown – KickingTires.