I am not sure exactly what to make of that article. As for the Fiat debacle, as he says the buy-out won’t happen. A few pockets need to be lined with green, and GM will have to ship over a payoff, and that will be that.
As for the inventory. I wonder how he concluded that GM is not offering the blowout prices of the past? I have seen deals of the century advertised all over the place for GM vehicles. People are buying leftover GTO’s (MSRP 33,000 apx) for about $20,000!! It seems just about any car in GM’s lineup can be had for a lease rate under $200 a month, many of them far under $200! They are rounding up GM cardholder earnings, offering big rebates, 0% financing for 72 months, dealer certificates, etc etc.
If I were GM, I would be extremely worried. It looks like a massive fire sale to me, and yet nobody is buying!