MICKEY KAUS: Keeping Up With The New, Rattnerized GM:
Remember all those new products that were going to save General Motors? There’s the new Chevy Malibu! Jack Baruth surveys the literature and concludes: “The media really didn’t want to let anybody know that the new Malibu sucks.” But now the press is giving up the charade. … Don’t forget the New Buick Verano (a fancified Chevy Cruze). It has surged to #118 on the sales charts for the first five months of 2012! … Meanwhile, there are signs of panic in GM’s European operations. The company’s stock is in record low territory. … Note to Obama: Wouldn’t a $4/hour wage cut be helping GM right about now? The pay would still be good–well over $20/hour. Too bad you didn’t want to anger the UAW.
It’s all about priorities.