Re: GM Betting on New Jumbo SUVs
The new Car and Driver gives a 12 mpg average in their "observed" mpg for the new Tahoe. It weighs nearly three tons.
Stick a fork in them. They're done. I don't see how they survive. Their financials are just awful. I've been following this story for a long time. It just gets worse and worse. They lost money today when the DOW was way up. Look for GM to be booted from the DOW 30 very soon. They were down 52 cents per share today/2.68%. Horrible. Their capitalization is a mere 1/17 of what Toyota's is.
GM is probably the reason that the DOW finished in the red for 2005. After they are booted from the DOW look for this stock to really tank. I'd be surprised if they aren't in Chapter 11 within six months.
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