What's Good for GM.....

A few weeks back a research report came out that said GM was burning cash faster than the street thought and bankruptcy was not out of the question. This shouldn't be surprising to anybody, but for some reason using the words "bankruptcy" and "GM" in the same sentence is forbidden. Well -- it shouldn't be because both Ford and GM have major problems. They tied themselves into the gas guzzlers which aren't popular in a high gas environment. As a result, both companies sales are down as are their respective stock prices. Today we learned this about GM:

General Motors Corp., the world's biggest carmaker, sold 5.5 percent fewer vehicles in Europe last month, led by a decline at the Opel and Vauxhall brands.

European deliveries fell to 202,869 cars and sport-utility vehicles in June from 214,574 a year earlier, the company's Glattbrugg, Switzerland-based GM Europe division said today in a statement. Sales by Opel, which is uses the Vauxhall name in the U.K., fell 10 percent to 149,497 vehicles.

Six-month sales rose 2.8 percent to a record 1.16 million cars and SUVs, as demand for the Aveo compact and Captiva SUV helped the Chevrolet brand boost deliveries by 24 percent.

The GM death march continues.....