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Toyota's Hot Wheels
By Rich Smith
July 18, 2005

You've got to hand it to General Motors (NYSE: GM). Though the company has such serious problems that even its biggest "competitor" is throwing public pity parties for it, a recent scan of the headlines would make you think GM is golden.

First, we had corporate value-unlocker Kirk Kerkorian appearing with a generous tender offer in May. A month later came rumors that the company would get tough with its unions and demand concessions on everything from wages to pensions to health-care benefits. Finally, the June sales numbers came out just a couple weeks back, and the news looked very good indeed...
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