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

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