Earnings help the stock price.Long-term thinking helps only if the short-term cash-flow allows along-term existence.Innovation only helps if there is a supply cost benefit or a demandprice driver generated through the innovation. Market research only helps if there is intelligence driving the planning and implementation.Now, what change was made at GM?If the company had gone through bankruptcy proceedings, there wouldhave been a top to bottom reorganization where stakeholders would have negotiated changes. Government bailout did not involve the same groups in the restructuring. Bondholders and suppliers of credit tend to add a different perspectiveand a degree of intelligence. They also provide a largeruniverse to provide thinking, innovation and research beyond simplemarket research.Howie52GM is not out of the woods - but no one is. They have potential and are improving. Buicks are still big in China. GM inEurope is hurting - all Europe is hurting other than Germany.
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