GM - doomed by dumbass decisions?

by Darren

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That’s what I had to think after my conversation with a disgruntled salesman at my local Pontiac dealership. The company is locally run, and extremely strong on customer service. I was speaking to the salesman as he had a cigarette and they were working on my Bonneville. He told me that the 2005 Bonneville was the end of the line.

They canceled the line, despite the fact it had one of the best reputations out there.

Worse yet, he spoke of two other strategies that weren’t good:

• GM is looking to go to multi-line dealers, and single line dealers are an endangered species. Say goodbye to the families who helped build the company’s reputation by staking their family name on the line
• GM is planning on killing the whole Pontiac line! Quite a shock to me as a satisfied customer.

That’s great news for GM share holders. You take a line of cars that customers are happy with and you shut them down. You go after “volume dealers” and say goodbye to the little bit of loyalty and goodwill you’ve built over the years.

Here’s an example of a company that has a stock that’s doing poorly, and the main reason is: the company sucks. When investigating stocks, check out how the underlying company treats customers, workers, and shareholders. Chances are, that’s how they’ll treat you for investing.

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