GM "expects" to sell more vehicles abroad

Commenting on this article about General Motors at BreitBart.com:

General Motors Corp. expects to sell more cars and trucks in foreign markets than in the United States this year, its top executive said in an interview.

"There's a lot of good things that happen if we're successful around the world," chairman and chief executive Rick Wagoner was quoted by The Detroit News as saying.

"We're long past this idea that, gee, we should only be good in the US and shouldn't invest somewhere else."

I find this almost hilarious. Wagoner himself says that this is an "if" scenario. GM has started on the slide into oblivion/bankruptcy, and now it appears that they're so desperate for business that they're engaging in wishful thinking. What happens when they go abroad with their automobile sales, and all of those foreigners discover how low-quality GM's cars really are?

As the old saying goes, "We're losing money on each sale, but we make it up in volume." GM is trying to stop the bleeding by selling more cars abroad, but (warning: poor analogy ahead) if you're bleeding from the jugular, you're going to die, no matter how many pints you receive in a blood infusion. I believe that GM may survive, but only if it defaults on its pension responsibilities, only if it plugs the enormous hole into which it is dumping all its profits.