Is GM Headed For Chapter 11? Again?
Contributor Louis Woodhill says GM is heading down, and President Obama will go along for the ride and likely re-bail out the automaker. "The company is once again losing market share, and it seems unable to develop products that are truly competitive in the U.S. market." He argues that the main reason GM's market share keeps slipping along with share price is the 2013 Malibu, which competes in the key mid-sized car segment: it's hasn't kept up with competition, he says.