GM Pays the price

Today, I read that GM is laying of 30,000 people and closing down a number of manufacturing plants. Clearly, it's because more and more people are not buying their vehicles. Some are not buying due to price, some because of bad service, and others because of bad quality. I feel for the employees that are losing their jobs, but it's the decision makers at the top that should be gone. The people that signed off on bad design which led to bad quality, the people that signed off on the "ok" to go with lesser quality on parts, and the "ok" to build stuff faster with less quality checks. It's all of these little decisions that led GM to start putting out a product that quite simply does not last and is too expensive to own because of how fast repairs need to be made for stuff wearing out that shouldn't wear out as fast as it does.

This big announcement today was a result of poor quality product over a number of years. My own particular car was only 3 years old when I bought it, and with repairs, I've almost paid for it twice.

If you are a GM shareholder, and have lost 40% of your share value this year, you should be thinking about kicking out the guys at the top of the company you own.