Friday, March 05, 2010

GM Re-instates 700 Marginal Dealers

General Motors Corporation (MTLQQ) frequently known as Obama Motors announced that approximately 700 dealers are to be re-instated. Are sales really that good that we could use another 700 dealers?

Most of these dealers were culled from the herd because they for what ever reason they could not move enough cars. The re-instatement of 700 marginal sales outlets is not what will drive the new GM to success.

It will be interesting to see which dealers are put back on the list. Look for a lot of local politics. Hey do we have Congressional elections in just eight months? Yeah we do. Are we trying for an IPO soon and need to show that the sales potential is growing? Yeah we do.

This is not the rocket fuel that a revitalized GM really needs.