
The World's Been Waiting For the New GM

By Jim Cramer
About this article:
This new GM, this small GM, the one that doesn't care about share but cares about sales and quality and maintenance may actually be what we needed about 20 years ago.
We have been worried about General Motors for the last 20 years -- too big, too bloated, worrisome obligations. We still have the last one -- there's a lot of obligation still, much of it borne by us not by "them," but the one thing this reorganization will take off the table forever is how bad will the inevitable collapse of GM be for the country. I say that because the one thing that we know is true after it emerges from bankruptcy Friday is that GM, at last, NO LONGER MATTERS.
It's just a jobs and welfare program that makes cars and won't ruin the profitability of the industry anymore with cheap financing because...

Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET.
Outside the U.S. and in Canada, call 1-212-321-5200.
|
|
|

 |

If you decide to subscribe and you're not completely satisfied with TheStreet.com RealMoney, just call us within the first 30 days of your subscription and we'll refund your full annual subscription price — guaranteed.
|
|
|
|
|
If you choose a 14-day free trial of RealMoney and you do NOT call to cancel within those 14 days, you will pay $129.95 — a $100 savings off the regular annual subscription price of $229.95. Unless you cancel before the end of that year, your subscription will automatically renew for another year at the then-current subscription price.
Offer applies only to new annual subscriptions, and is subject to change at any time. Void where prohibited.
If you choose a monthly subscription, you pay $34.95 per month. You will be notified if the current monthly rate of $34.95 changes at any time in the future.
TheStreet.com is a publisher. None of the contributors or their affiliates will provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. From time to time, any or all of the contributors or their affiliates may hold positions in securities mentioned and they may trade for their own accounts. In cases where the position is held at the time of publication, appropriate disclosure is made.
© TheStreet.com, Inc., 14 Wall Street, 15th Floor, New York, NY 10005.
|