Hummer Bummer
Why GM needs more stories and fewer stats to sell its case for aid.
Yes, some of the commentariat has jumped aboard. But doesn’t this dual refrain—reform pledges and the industry’s importance to the economy—sound familiar? It’s what we heard months ago to justify aid to the banks. (By taking executive jets to congressional hearings, auto executives even repeated the unfortunately serendipitous excesses of the financial sector with their expensive bonuses and getaway weekends.) Yet our financial fix seems to have mended little—while we and Congress have hardened to further threats backed up by big numbers. To secure longer-term public support, car makers need to truly connect.
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