Announcement sounded like a clap of thunder. General Motors has been bobbing atop Fortune 500 list for ages. So this is a shocker, a real one. One would expect a company of GM's girth to deploy whatever resources to sidestep the slippery time slice the world is going on. Seems whatever they tried to do didn't quite work out.
It might be the sign of the coming times. Environment-conscious Planet Earth is shuddering away from the fuel-guzzling SUVs which, anyway, wouldn't run on battery-powered electric motors. Jobs--blue- and white-collar alike--are going down the grain. There won't be much to spend. Where the jobless get unemployment cheques, they will start learning taking subways, cleaning up environment even more.
While auto industry, (airline and several others too) are going through hard times, we are told of some growth in technology businesses. Here are people who were able to work out miracles with miniaturization: the other day I bought a 4 giga memory card for my camera for quarter the price I'd bought a 1 giga card about six months earlier. What's that joke of exchanges between microsoft and GM on their industries' growth comparison that was going around the net sometime ago?
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