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The ugly reality is that GM management had succumbed to the whims of UAW long ago. OR GM management is acutally UAW in sheepskin... Both working together and ignoring shareholders since 1989 when $5 is last paid in dividend... Shareholders are cut out a grand total of $30 billion or $60 a share since 1989. See, no wonder, GM is worthless... Only ten mutual funds owns most of GM. Only ten mutual funds... Each about 10% of GM and holding like sleepy pokes..

Shares Held Position Value Percentage of
Total Holdings
since 12/16/07 % Owned
of Shares
Outstanding Turnover
Rating
State Street ... 75.3M $2,763,176,214 +13% 13.3% Low
Brandes ... 46.1M $1,691,996,835 +8% 8.2% Low
Southeastern ... 41.5M $1,524,345,510 +7% 7.3% Low
Capital Research ... 28.5M $1,047,328,415 +5% 5.0% Low
Tracinda Corporation 28.0M $818,440,000 +5% 5.0% Low
BNY Mellon ... 21.9M $805,282,997 +4% 3.9% Low
Barclays Global ... 20.4M $746,884,232 +3% 3.6% Low
Credit Suisse ... 18.5M $679,798,871 +3% 3.3% Moderate
AllianceBernstei ... 16.5M $606,565,893 +3% 2.9% Low
Vanguard Group, Inc. 15.6M $572,475,153 +3% 2.8% Low

Oh that has changed since last year when each hold between 5-10% each of GM stock. Look like they are running away from GM except State Street... I guess mutual fund holders are telling the fund managers to butt out of GM since I put that old laundry list out to air last year...

What GM and Ford dont understand is that both are helping Big Oil achieve record profits by stubbornly building gas guzzlers even after 1973 and 1979 oil shocks and other energy events until now. GM and Ford are so stubborn that Tokyo had no choice but to crush them with their own gas guzzler competition. The world is trying to stretch oil supplies by building fuel efficient cars only to end up watching America resuming gas guzzling habits . Those fuel efficient cars had been keeping oil prices low and it made matters worse by keeping oil prices low during the Reagan and Bush years which emboldened Americans to return to gas guzzlers druing the 1990's and the demand built up so much and that was how we got $100 barrels.... GM and Ford made so much profits on gas guzzlers that they even gave huge rebates to buyers and make things even worse in the energy picture. GM and Ford sharehlders got nothing out of that for decades... See what I am saying, I say get GM out of DJIA. GM ruined our economy and Ford , too.. I wil still buy American cars with a lot of embrassment!!

GM couldnt compete or refuse to with Tokyo so GM ran overseas where there is lack of competition. VW is a pushover for now. Wait until Tokyo catch up with GM overseas and that will be when GM will sell its operations there and funnel the proceddeings into UAW pension funds as usual... GM had been selling operations left an dright since I remember when. GM is now making fantasy cars running on hydrogen or whatnots that wil never materilize because GM is broke. Chevy Volts is excititng but I dont think it will ever materilize .

GM and Ford each has over $100 billion for UAW pension funds. GM and Ford is busy planning for their own funerals..

If you ask me whether GM and Ford can make a turn around miracle, I would say yes only if GM and Ford understand that gas guzzlers has to go... I dont care if it will drive gas mascochists to Tokyo. I dont give a whit.

WARNING WARNING WARNING
Remmber that GM still has 2.5 billion shares authorized while only 500 million is floating. GM will flood the markets with 2 billion new shares if it wants anyday. It will be like swimming upstream to make money on GM stock . Never underestimate UAW. UAW is shrewd. UAW still has cards up the sleeves. Stay away from GM and Ford stock because I still see smokes and mirrors. It is still not clear for me to buy GM or Ford stock. Investors will be liable to be constantly frustrated wtih GM and Ford for years to come if they are not bankrupted by then . I still havent received clear signals from the management that they are serious about sharehlders. They are talking sideways not directly to shareholders. They are walking crisscrosses so far. I am more interested in actions than talks. I want 40 plus mpg cars from GM and Ford first of all. GM and Ford must work to push down the oil prices by offering fuel efficient cars. I mean over 30 mpg no less. forget crossovers ...

We cant keep on buying fuel efficient cars and watch do no gooders keeping on buying SUVs, crossovers, and guzzlers . We want to bring gasoline back under $2 gallon. We can do that. Those guzzlers could afford $5 gasoline and they dont care about us. It is their liberty not our kind. Protect our own liberty not theirs.

Speaking of gas guzzlers can you say Armada,Titan(Nissan)Tundra,Land Cruiser(Toyota)GM can't compete in Japan because of extremely high Tarrifs,It's time for our govt.to level the playing field.Gm again won motortrend's car of the year(caddy CTS) and has 3 vehicles on car and drivers topten list they can anddo compete with the Japanese.It is a misconception of the American buying public that Japanese cars are better.In a recent auto column by Click and Clack a writer spoke of their Toyota seinna mini van doors falling off and Toyota admitting to the problem but not willing to absorb the repair cost.Buy american while you still can.Make America #1 again in the world.