It has been around the net since yesterday that “trucks are piling up on auto lots” and that this could spell “trouble for GM.”
Bloomberg reports that GM did bet on a strong recovery and built more trucks to fill the imaginary demand. “The strategy is backfiring.”
The National Legal and Policy Center has more sinister suspicions. It states that “it looks like General Motors is up to its old tricks as it stuffs inventory channels with higher profit trucks.” The center is accusing GM and the Obama administration of “fudging earnings.” (Read More…)
Posted in Government, High Finance, News Blog, Sales
Tagged as Bertel Schmitt, channel stuffing, GM, Jefferies, Trucks
Tagged as Bertel Schmitt, channel stuffing, GM, Jefferies, Trucks
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