* Go to Zero Hedge and see the story today how they are "Stuffing the Pipe", i.e. shipping way more cars than their maybe demand for.
* Sometimes companies ramp up before a turnaround, even given the "fleet" age, I don't see it.
* Rumors of a new cash for clunkers abound.
* Rumors of some sort of American only quasi market protection scheme coming from the Obamatons.
The bottom line?
They got something up their sleeve, and my guess GM has been given a heads up, I am sorry I am that cynical...
It’s all about EARNINGS MANIPULATION.
Obama and Government Motors are trying to MANIPULATE 2nd Quarter earnings which will be reported around August 1st.
Also expect them to MANIPULATE 3rd Quarter earnings which should be reported around November 1st. Unless they delay the reporting until after the Nov 6th election.
Good luck defining an "American only" car.