It’s also worth noting that General Motors’ June U.S. sales rose 11 percent from the same month last year. Sales of GM’s Camaro, Malibu, and its family SUV, the Equinox, are flourishing The Camaro outsold Ford’s Mustang for 11 straight months until Ford was forced to offer big incentives to lure buyers.
Ten GM models ranked in the Top 3 of their segment, more than any other manufacturer and GM now boasts four award winning models; Tahoe; Avalanche; Sierra LD and the Escalade. Motor Trend recently reported, “Buick Is Back,” and featured a story applauding the brand’s quality and performance.
In addition, the company has completely restructured its labor agreement to bring its labor costs in line with what Toyota is paying. The company has inked a new contract with labor that includes a “no-strike” provision that extends beyond five years. GM also now has more flexibility to bring on temporary skilled and non-skilled workers to keep plants open and production lines running.
Within a few months, I am sure we will see a high profile victory tour by members of the Obama Administration who will want to claim a lion’s share of the credit for GM’s turnaround. But make no mistake about it, if GM turns the corner, it will be the result of new leadership by a determined CEO who is demanding a strong work ethic and utilizing sound free market principles to return General Motors to icon status within the automobile industry.