In 2008 I said, that it wasn’t a question of whether GM should go out of business, it was a question of whether GM should go out of business right now. I have been keeping a humorous GM Death Watch since about 2005 and had even written up a report on them called: Unprofitable at Any Speed.
Look who is laughing now
General Motors‘ quarterly profit nearly doubled, beating expectations, as the top U.S. automaker took a larger share of sales globally and raised prices on its vehicles
Chief Executive Dan Akerson and other executives said the company had stripped out enough costs to recession-proof the business when it came out of bankruptcy, so it could thrive even in a weak auto market
I’ve also called Microsoft, the 21st Century GM. Lets hope I am equally wrong there as well.