Automatic translation:                  
05/10/2008

GM DESASTER

Our top managers are payed for anticipate aforefront what the customer's demands will be in future and what the economic environment might be then and alligning main business decision to. What we see at GM is a totally failing top mangement which has been sticking to an obsolete understanding of market development for too long along with retaining non competitive technologies in their products. The latter is now being spread over all regions with Mr. Lutz's global strategy and hence infect and seriously damage GM business success in all regions.

I deeply doubt that even an instant change of the GM top mangement individuals as well as the more than overdue realignment ot the current product strategy will have any reversing impact at all on GM's way down to bankrupcy. All what has been brought on the way as recovery plans will only delay the death of the GM dinosaur.

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