A Quote by Mark Steyn
General Motors, like the other two geezers of the Old Three, is a vast retirement home with a small money-losing auto subsidiary.
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I started at General Motors at 18 years old as a co-op student at the General Motors Institute, which is now Kettering.
For value investors, General Motors is a tempting target. The company's share of the North American auto market has steadily declined for two decades, and analysts say the company suffers from weak management and unexciting cars.
There are two ways I would consider retirement. One is losing to guys who are not top-level competition. The other is if I started losing where it's like, 'OK man, you were knocked out viciously and staring at the rafters.' I won't endanger my health.
Barack Obama likes to point to General Motors as the poster child for the job creation success of his economic policies. However, whatever your sentiments about the government's bailout of General Motors, for every job Barack Obama 'saved-or-created' in the U.S. there were two jobs off shore.
General Motors, General Mills, General Foods, general ignorance, general apathy, and general cussedness elect presidents and Congressmen and maintain them in power.
What is good for General Motors is not good for America if General Motors is moving production out of the United States.
Official Washington cannot tell the American people that the real purpose of its gargantuan military expenditures and belligerent interventions is to make the world safe for General Motors, General Electric, General Dynamics, and all the other generals.
You want to know whether we're better off? I've got a little bumper sticker for you: Osama bin Laden is dead and General Motors is alive. Osama bin Laden is dead and General Motors is alive! Osama bin Laden is dead and General Motors is alive!
It was great to go to Stanford. Until that point, I'd spent my whole life in southeast Michigan, working for General Motors. I was in a different part of the country. People didn't know what General Motors was, didn't care, or if they did, they might not have had a favorable impression. I saw people driving nondomestic vehicles.
What really went wrong is that General Motors has had this philosophy from the beginning that what's good for General Motors is good for the country. So, their attitude was, 'We'll build it and you buy it. We'll tell you what to buy. You just buy it.'
There are two types of people-anchors and motors. You want to lose the anchors and get with the motors because the motors are going somewhere and they're having more fun. The anchors will just drag you down.
The one stock in my portfolio which I say hasn't worked yet but has the potential for a big home run is General Motors.
We spend a remarkably small, shamefully small, percentage of our income on food. We manage to spend money on lots of other things. All up and down the social ladder you find people with plenty of money for cell phones, home entertainment systems, all other forms of entertainment.
I've been gone on the road for the past three years; maybe I've been home for two or three weeks in a year. I literally live - it's like one of those old movies where they show a train, and pages of a calendar are peeling away like leaves, and then there's a picture of me with gray hair.
The nearest the modern general or admiral comes to a small-arms encounter of any sort is at a duck hunt in the company of corporation executives at the retreat of Continental Motors, Inc.
Sadly, at Ford, General Motors, and Chrysler sales continually trend downward, manufacturing costs rise, and employment declines. As the result of the decrease in the number of cars produced by American manufacturers, membership in the United Auto Workers has dropped from a high of over 1.5 million thirty years ago to less than half a million today.
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