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GM market share slips 3 points … now, that’s a turnaround to be proud of.

The President continues to tout his prowess as the venture capitalist who engineered GM’s bailout.

Hmmm.

Last week, GM canned its VP – Marketing after less than 1 year on the job.

This week, the company released July sales results.

Bottom line: the pie grew, but GM’s sales fell 6% versus last July … and its market share dropped by a whopping 3 points … down to 17.4%

Any wonder why the share price is about half of the IPO price?

 

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This entry was posted on August 2, 2012 at 6:59 am and is filed under Autos - Travel, GM. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “GM market share slips 3 points … now, that’s a turnaround to be proud of.”

  1. Deepak's avatar Deepak Says:
    August 2, 2012 at 4:08 pm | Reply

    Prof. Homa,

    When FB dropped down after IPO price, it was mentioned as smart pricing, when GM moves to 50%, what you think? isn’t it the smart pricing?

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