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Why GM is a Good Bet
- nostrademons 18y agoWoah, woah. The minivan is usually credited to Chrysler, not GM, and Toyota had one out the same year. Both of them beat the Chevy Astro to market. The first SUVs were done by Jeep and Land Rover, and the "modern" SUV craze is usually credited to the Jeep Cherokee. Toyota beat GM out with an SUV as well. GMs never really been an innovator, at least as far as cars go - the company was formed as a conglomerate of several existing carmakers and their suppliers. Their main innovations have been in marketing and internal organization: they pioneered the approach of having multiple nameplates, each targeting a specific socioeconomic strata. As for the Volt, it's cool but I've yet to see any reason to believe it'll be better than the Prius, and given GMs reliability reputation, I see a lot of reason to believe the Prius will be better than it.
- tonystubblebine 18y agoRight. Past performance is not necessarily indicative of future results especially if the facts about past performance are all wrong and the company is starting with a mountain of debt.