Blog: Wagoner's happy?
Dave Leggett | 21 July 2004
Rick Wagoner may have felt a need to describe GM's latest financials as 'well below expectations' but he must be quietly satisfied. Incentives up perhaps, but GMAC raked it in during Q2. GMNA share down, but costs down too. Europe doesn't look to good on the face of it, but the real picture isn't quite as bad as it looks - at least relative to other carmakers. And Asia looked pretty good. It could be a lot worse. Have I got the rose-tinted glasses on?
I'm starting to get a small idea of the scale of things here in China, but really, I'm only scratching the surface of this vast country....
Given the startling complexity of obtaining a journalist visa for China - the code 'J2' is now indelibly stamped on my mind - it was with some surprise how swiftly I managed to sail through airport im...