The end of the road for GM

Your grandchildren will have no idea what "GM" stands for.

Last week, General Motors tried to stave off collapse by cutting jobs and closing plants. Between 1990 and 1910, buggy and carriage sales declined only by about 10%.  So the automobile, while clearly nearing the end of the road, is not yet dead.  But GM is.   Why they sold rather than developed its train engine division is beyond me.

Years back, all the marketing professors smugly taught that the defunct railroads thought they were in the railroad business when they were really in the transportation business.  Today GM thinks it is in the auto business when it too is really in the transportation business.
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