It took gas prices going through the stratosphere but he finally gets it. According to David Welch for Business Week GM has finally taken steps to address some of its major flaws. Welch writes Wagoner made it clear at the company's June 3 shareholders meeting that,
General Motors (GM) is turning more than a decade of car-making on its head.... Richard Wagoner Jr. announced plans to introduce a new line of compacts for North America, while also boosting passenger car production and closing four truck plants....in perhaps the most symbolic shift away from massive vehicles, the company may sell the Hummer brand...
While I would not call the new direction a dramatic surprise or salvation of the company, when one considers the overall state of General Motors particularly in North America you can at least acknowledge he has finally started to put the company in a direction that makes some sense.
Stay tune for more details.
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