Blogs > Frye on the News

Keeping his eye on the news and offering commentaries and insights on what is happening in Oakland County, around the world, on the tube and in the news.

Thursday, January 22, 2009

GM's concern

A quote from General Motors President Fritz Henderson downplayed the recent news that Toyota is now the top seller of cars, trucks and SUVs.
"I actually noticed they passed us in market (capitalization), cash flow and profitability a long ago," he said. "Honestly, this is not a measure I pay a lot of attention to. What is much more important to me is how we make GM successful."
Making GM successful is more important than the status of world's top carmaker, but it seems like he is a bit nonchalant about the capitalization, cash flow and profitability.
I know that companies love to boast their successes, and world's top carmaker would be celebrated if they had kept their position at the top.
Let's hope this is not a sign of surrender.


Post a Comment

Subscribe to Post Comments [Atom]

<< Home