The President continues to tout his prowess as the venture capitalist who engineered GM’s bailout.
Last week, GM canned its VP – Marketing after less than 1 year on the job.
This week, the company released July sales results.
Bottom line: the pie grew, but GM’s sales fell 6% versus last July … and its market share dropped by a whopping 3 points … down to 17.4%
Any wonder why the share price is about half of the IPO price?