Interesting read on GM

Just as the title says.

click (http://moneycentral.msn.com/content/invest/extra/P113050.asp?GT1=6305)

quote from the article:
But the problem for GM is that it never moved on from reliving its glory days, and while they were reveling in their legacy, the automotive world irrevocably changed around them. GM's arrogant mindset blinded them to the rapidly changing realities of the North American automotive market.

So true.

Well written piece by Peter M. DeLorenzo of Autoextremist.com.