There was a time when GM could do nothing wrong. Then came the 1980s. And the 1990s. GM suffered from annual reorganizations, atrocious labor relations, poor quality, cookie-cutter cars. Ford Motor Co. and the former Chrysler Corp. moved up.
Now the General is getting it all together. GM rejuvenated its truck lineup and hired Robert Lutz. Gary Cowger repaired its labor relations. GM led the industry with 0 percent financing after Sept. 11. Meanwhile, Ford and Chrysler are hurting.
This is still a cyclical industry.