-By Warner Todd Huston
GM, Obama’s favorite federally owned car company, was thrilled to report in March that sales figures for the Chevy Cruze helped put the company on the fast track to success but it wasn’t the best news when the wheels began to literally fall off the Cruze causing a recall of GM’s “success” story.
As we will remember, last November Obama proclaimed GM a great success story, one that justified his raging fever for bailouts. This March GM buttressed Obama’s glowing account by reporting rosy sales figures in which the Chevy Cruze made a big appearance. Then GM reported that the Cruze and the Malibu accounted for “98,950 sales – roughly one of every four Chevrolets sold in the first quarter.”
But let’s not break out the champagne too soon because only weeks after GM celebrated sales of the Cruze, at least one steering wheel popped off in transit. It’s a literal case of the wheels coming off GMs success story.
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Auto Recall: When The Wheels Come Off Government Motors… Literally”