GM’s CFO meet with Wall Street analysts last week in a private meeting. The message coming out is that GM won’t drop full-size truck prices to increase market share. Rather, it is holding the line. Like Toyota, it seems GM is happy putting profit over volume.
UPDATE from Autonews.com: Federal safety regulators today sent a 27-page letter to General Motors requesting detailed information and documents related to its investigation of whether the automaker waited too long before recalling 1.6 million vehicles last month.
The National Highway Traffic Safety Administration gave GM until April 3 to answer 107 questions about the recall, many of which could require hundreds of pages in response. The recall covers 2005-07 Chevrolet Cobalts, 2003-07 Saturn Ions and five other nameplates.
A federal investigation has been launched to review GM’s handling of a 9 year gap between discovering a problem and issuing a recall. With 1.6 million vehicles involved and 13 people believe to have died, GM is “real sorry.” That’s not quite going to cut it.
Last week, I got my hands on a 2014 Lexus IS 350 F-Sport to review. While I had recently driven the IS 250, the performance differences between the 250 and the 350 F-SPORT are remarkable. Here is my “truck guy” review.