The HS Dent Financial Blog
Even Fresh Out of Bankruptcy, General Motors is Doomed
July 10th, 2009 by Charles SizemoreWe have to admit, the Camaro is a hot car. We wouldn’t mind having one ourselves. But unfortunately for General Motors, the Camaro — no matter how powerful its V8 might be — will not be enough to pull the company out of the abyss.![]()
If all goes as planned GM will come out of bankruptcy today, in record time. We won’t revisit the details of the bankruptcy here, as we’ve fairly well beaten this topic to death in prior posts. Instead we want to comment on an article in today’s New York Times: ”GM Flexes a Muscle Car Again“
Amid the gloom of bankruptcy and a miserable market for new vehicles, G.M.’s new Chevrolet Camaro muscle car is winning over consumers looking for a little excitement in a bland landscape of look-alike sedans and watered-down sport utilities…
G.M. sold 9,300 Camaros during the month of June — more than either its entire Buick or Cadillac divisions could muster on their own.
That last sentence is worth repeating. GM sold more Camaros in June than their entire Buick and Cadillac lines! Read the rest of this entry »


