Biz Question of the Day: GM's big loss

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By
Muhammed El-Hasan
on February 12, 2008 9:38 AM | | Comments (0) |

Today, General Motors Corp. reported a $38.7 billion loss for 2007, the biggest annual loss for a car company.

Read the story here.

So I ask you: Who is to blame for the huge loss?

Is it GM's management, who focused so much on gas-guzzling SUVs when gas prices were low that they had little to offer the public when gas prices shot through the roof?

Should we blame the union, which secured huge increases in pay and benefits before GM stumbled so badly?

Or are US consumers to blame for not "buying American"?

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This page contains a single entry by Muhammed El-Hasan published on February 12, 2008 9:38 AM.

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About Biz Waves

Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

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