General Motors Death Watch 145: The Truth About GM’s August Sales Stats

Imagine GM CEO Rick Wagoner in his RenCen bunker in the middle of August. Reports from the front indicate his North American division faces a third straight month of lowered sales. As the architect of a turnaround plan with no publicly defined goals (including a return to profitability), Wagoner’s given himself plenty of wiggle room. But a bad August-- in the face of production cutbacks and a rapidly declining market-- would finally trigger Wall Street’s alarm clock. So he cheats. 

06-09-2007 22:40:09 | The Truth About Cars