From Zero Hedge:
…considering that GM just released its February sales data, which confirmed that the company continues to engage in dealer inventory stuffing, with 517,000 cars held in dealer inventory, compared to 510,000 in January, and 420,000 a year ago, (and the second largest amount in history after the 536,000 in November), the veneer off the world’s most overvalued carmaker is finally starting to come off…
Just shoving cars off to the dealers and counting on Uncle Sam to buy more cars than needed for government use…anything to keep Government Motors looking like its alive. Have to keep those union jobs going for 2012, don’t you know?
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