Crap, Mr. Farago is at it again. General Motors Death Watch 94: Table Scraps. We go back and forth about GM VP Bob Lutz. At first we thought he was full of baloney. Then the media decided he was the decider and could do all sorts of things, and it caused us to question ourselves. Then the friggin' Solstice and Sky came on the scene, and we were nearly convinced we were wrong. And then Mr. Lutz goes all nusto:
According to GM Exec Maximum Bob Lutz, "Whatever our market share stabilizes at in the US— 22, 23, 24 percent— I don’t really care. The idea that GM… has got to get back to 30 percent is a wacky notion with all this global competition we’ve got."We're still in the camp that GM is in the hopper, but every once in a while, we wonder. Time will tell, but action needs to be taken at the top of the heap, and someone better figure that out.
Obviously, Mr. What Me Worry? is a whack job. The fact that the septugenarian ex-Marine has any power whatsoever within GM— never mind his multimillion-dollar annual salary, huge pension, and Gulfstream perks— tells you all you need to know about GM’s ability to manage itself. At the risk of stating the obvious, shouldn’t the guy who calls [at least some of] the shots for the world’s largest automaker understand that the faster GM’s domestic market share shrinks, the closer The General gets to the tipping point of no return? Call me a weenie (SIR!), but I’d expect an ex-Marine to know when he’s fighting a rear-guard action.
That's the same Honda Civic of a few days ago. GM should still be worried about it.