Saturday, December 02, 2006
Here's To Your Future Health, GM
I don't claim to be a Car executive. But as someone who has owned, and liked, GM cars, and would like to see the American auto makers thrive. And also one who is considering one of GM's more appealing import fighters, in the guise of a partnered product they made with Subaru, I have this observation. The model I am considering was discontinued this year, because GM gave up its stake in Subaru by selling its stock to raise cash. Why do I think this was a mistake? Well, Toyota, at the moment, seems to be doing everything right. Even with their recent recalls, and the fact that I can personally attest to their awful customer service, and their less than stellar reliability in some models. They are enjoying a world wide lovefest on their way to becoming the largest auto maker. So who bought GM's stake in Subaru? Toyota. Word to GM executives.... If Toyota wants to buy your stake in another company...you probably shouldn't be selling it.