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The dramatic chart behind GM’s job slashing

The chart on auto's mirrors the drop in gas prices also. Just wait when higher gas prices come back, and they will. Talking with a Chevy dealer, he said he doesn't make much on new car sales, but he does well on aftermarket sales and service. Also, the $25k cars are an entry point for many young people. So if you have no entry point for them, a good chance you will NEVER develop them as a customer of an SUV later on. Also, the cars do feed the used car biz, which is very profitable. GM and Barra's thinking is very short-term and probably going to result in GM shrinking for good.