Over the past few weeks, investors in used car dealers such as CarMax
Not so fast. Looks like Detroit's self-destructive ways are back.
Need proof? Yesterday, General Motors
So to recap where GM stands right now: Toyota
And the best solution that GM can come up with in answer to this perfect storm of bad news is to slash its prices (at the expense of its worst-in-the-industry profit margin, no less). It's brilliant ideas like this one that earn GM's top two executives a combined $15 million paycheck every year.
Depressed yet? Ready for some news about a carmaker with a future? Try:
Fool contributor Rich Smith drives a '98 Chevy S-10 but owns no shares in either GM or any other company mentioned in this article.