In a city that’s been shrinking and struggling for a generation, anytime there’s something good to report about Detroit, it should be trumpeted to the world. The only problem is that every Motor City victory seems to be paired with some sort of defeat.
For example, Detroit’s crime rate is down, but its’ murder rate is up. The Red Wings are in 1st place and have won an NHL record 15 games in a row at home, but the Pistons are in last place.
And perhaps most surprisingly of all, General Motors (GM) has reclaimed its crown as the world’s top-selling automaker, but the stock is down 36% from its 52-week high, despite a 25% bounce so far this year.
Before I pick apart the stock and the methodology used to “keep score” in the car business, let me just offer some facts and say that no matter where GM ranks on the global sales list, the sheer fact that they sold over 9 million vehicles last year after standing in bankruptcy court in 2009 is nothing short of amazing.
That said, Macke and I discuss in the attached video clip that success is not determined by
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