Hmm, the head dude at GM bailed late this afternoon without warning. This took place the day before one of the biggest presentations of his eight month tenure; it was scheduled for tomorrow morning in L.A.
He’s been on TV for weeks telling us that everything is great at GM and recently reported a nice quarterly profit (not hard to do when you factor in the stimulus $$). Nonetheless, a man is his position doesn’t arbitrarily pull the plug for no reason. It’ll be interesting to hear how this plays out tomorrow as the facts begin to emerge and the stock market reacts.
Uh-oh, does this mean we’re going to have another round of cash for clunkers??