Must Read

Article by Peter M. De Lorenzo on GM’s CEO Dan Akerson’s comments, which I mentioned yesterday.

As you read this GM Public Relations is mounting an all-out charm offensive on behalf of CEO Dan Akerson, so over the next several weeks and months you will be seeing interviews and one-on-ones in the media with GM’s latest leader du jour. The goal? To make Dan Akerson sound like America’s NGBL (Next Great Business Leader) in the hopes of silencing and marginalizing industry commentators like myself while giving all of you out there in Consumer Nation an up close and personal glimpse into the imaginative mind of GM’s Commander-in-Chief[.]

De Lorenzo explains why we shouldn’t be fed this line of bull from the media.

Akerson is yet another in a long line of these “quick studies” who dismiss everything that has gone on before they got there as being inconsequential (because people just weren’t smart enough to know any better), take credit for everything going on right now (even thought they’ve had exactly zero to do with any of it), and who are now going to “fix” things with their visionary brilliance and phenomenal insight overnight. (In Akerson’s case just three or four short years from now, as he insists.)

Henry Payne in Planet Gore:

Someone gets this guy a PR department.

In a wide-ranging interview with the Detroit News, Loose Lips Akerson — a telecom exec who is the latest CEO to come through GM’s revolving executive-suite door — let fly that he would like to see the “federal gas tax boosted as much as $1 a gallon to nudge consumers toward more fuel-efficient cars.” Akerson’s comments are more evidence of the cozy relationship between the Obama administration and the Rentseekers’ Roundtable. From banning light bulbs for GE to giant green loans for Dow and LGChem, Green zealot Obama and his corporate henchmen have pursued policies aligned with corporate interests — not consumers.

Worse than that, Akerson’s statements don’t even make business sense:

People will start buying more Cruzes and they will start buying less Suburbans,” with higher gas taxes, says Akerson. But GM makes $8,000 per Chevy Suburban sold and only $1,500 per Chevy Cruze. Does an auto CEO really want to make less money?

One only need look at last month’s sales reports to see how misguided Akerson’s small-car strategy is. Skittish over a stalling economy and high oil prices, customers went — not to GM for small cars — but to Hyundai, which saw its sales explode by 20 percent because it can make small cars cheaper than UAW-burdened GM.

Honda Insight. $20,000. 50 MPG.

Explore posts in the same categories: Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: