GM Denies WSJ Brand Termination Story
Huh. There can only be three explanations. One: The Wall Street Journal was seriously duped by a stock manipulator or a member of one of GM's warring factions. Two: The Wall Street Journal made shit up– there are no "these people" or "people familiar with the matter" or "people close to senior leadership." Or three: GM is lying; they are considering terminating/selling Buick, GMC, Pontiac, Saab and/or Saturn. Bloomberg ignores the implications and reports the refutation: "GM spokesman Tony Cervone… said no brands are under 'strategic review' beyond Hummer." Well, that's unequivocal. Then again, we know for a fact that GM's use of the term 'strategic review' is misleading; the automaker has shut off all HUMMER's dealer support and new product development. Anyway, the denial puts paid to my theory that GM PR planted the story to bolster the ailing automaker's sagging stock price and help it raise a little money (as in $15b). I mean, GM PR wouldn't purposely plant a story and then deny it, would they? Nah. It's probably one more example of the panic and confusion aboard the holed, listing ship that is General Motors.
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"They don’t have the money to kill the brands." Nobody has ever answered this question: Why can't GM kill off brands through starving them to death just like Isuzu did in the US?