Jerry York: Motown Must Downsize
And York should piss off. I’m sorry, but court papers released yesterday— part of an SEC slap on the wrist– reveal that Jer’ told his boss Kirk Kerkorian that investing in GM was a “no-brainer.” Of course, this was back in ’05– when the shit was already hitting the fan. Immediately before The Lion of Las Vegas forced York’s elevation to GM’s Board of Directors, and then tried to broker a GM – Renault merger. OK, OK, Kirk eventually made his crust on the playing the dozens with GM (hence the SEC ruling). But I’m thinking that York isn’t the brainiest “auto industry gadfly” in the biz– although it seems like piercing glimpses into the obvious are all that’s needed to catch Automotive News‘ editorial eye. (Sorry guys, but you write this stuff.) “The winners will be those companies that can change their output from larger to smaller and more fuel-efficient vehicles,” York revealed in a presentation to auto dealers and investors. “And that can improve their efficiency to make substantial profits on a less-rich mix of products sold.” And if you doubt York’s sagacity, well, he doesn’t. “There’s no doubt in my mind Cerberus’ strategy was to fix Chrysler up as best they could and find a merger partner,” York said. “I don’t know this for a fact. Nevertheless, there is no doubt in my mind.”
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"How much does this guy get paid to state the entirely obvious?" way the hell more than you or I...
I dunno...is York's rambling good enough to put him in the running for the next Bob Lutz award? Or are we just going to go ahead and award it in perpetuity to Maximum Bob?
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