Word: gm
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...Rangasamy, referring to Canada's trade deficit. He expects the country's balance of trade to begin improving in the fourth quarter, with annualized GDP growth of 2.5% and 2.1% in Canada and the U.S., respectively. That sounds promising, but it's largely predicated on a successful restructuring of GM and Chrysler and a rebound in consumer confidence in Canada and the U.S. If these prickly issues do not show signs of real improvement, it's likely that the Canadian and U.S. economies will continue to shrink, or at best move sideways. (See pictures of retailers that have gone...
...small-car segment, however, has been a black hole for GM's aspirations over the years, as the Corvair, Vega, Chevette and Cavalier served as mile markers on GM's road to bankruptcy. Thus, the new small cars will most likely receive a skeptical eye from car reviewers. That's one reason GM has retained 77-year-old Bob Lutz to extend his term as vice chairman indefinitely. A large part of Lutz's new job will be to charm some favorable reviews from a wary press...
...GM's essential issue moving forward is persuading a skeptical consumer base that its vehicles are worthy of consideration," says Jack Nerad, an analyst with Kelly Blue Book. "GM has lost at least a full generation of consumers, and it must not only solidify its base but gain new adherents," he says. Early indications are positive, says Nerad, but far from conclusive. "GM has demonstrated that it can do that with products like the Camaro," he says, "but it must do that with more than a few stand-out models...
...Read "GM's New Ad Campaign: Will It Restart the Engines...
...different than, say, the kinds of erasures of equity we saw over decades in places such as Detroit. The difference this time, of course, being that the Detroits of the world will benefit, as will our health, our environment and general quality of life. (See pictures of GM's Eight Great Hopes...