I do like GM but we sold 90% of our stock for many reasons right now. I like calculated risk but something is awry here short term up to Obama swearing in... Maybe fact he will not use a Bible at ceremony or refuses to salute US flag??
Anyway, problem with GM (or others) is I haven't seen prices dropepd as mucha s I expecte don enw cars, and they are tryign to sell off the MSRP price which nobody buys from... Plus fact so many people today have less usable capital to buy large ticket items or cannot meet credit terms out there, plus as I spoke of in my state, the new interest rates some banks are charging for cars period is another concern...
And we can build all the solar or hydrogen cars or electric cars, but many consumers cannto afford the high ticket prices and for the electric car, many cannot afford to update their at-home electrical systemt to accomodate the encessary charging system for an electric car..
The auto dealers can show all their new high tech cars, but truth is, how many people are going to be able to afford them while the USA is seriosuly on verge of major depression right now..??? Freightliner who makes semi trucks here just announced thousands of job cuts at 4 plants in NC region so this tells you something longer term about long haul trucking/shipping industry demand....
AI
