October 31, 2012
WELL, THE CEO’S ATTACKS ON ROMNEY WON’T HELP THEM WITH THEIR U.S. CUSTOMER BASE: GM Profits Fall 12%. But they’re making money in South America!
Say, post-bailout, some wondered if GM’s transformation into an Obama subsidiary would lead hipsters to switch from foreign cars to Chevys. Hasn’t happened, as far as I can tell.
UPDATE: One of their traditional customer base, reader Tom Armstrong, writes: “I’ll be damned if I’ll ever buy another GM or Chrysler product- and I’ve had multiple Chevy’s and Mopars. I will buy something American made; probably a Toyota or BMW. I might consider Ford, but they’re UAW, and as far as I’m concerned, the UAW is the puppet master of the whole debacle.”
There seem to be a lot of people who feel this way, and siding with Obama here won’t help that. On the other hand, if you’re CEO of GM, Obama’s who you work for, so . . . .