Categories: OLD Media Moves

Fuchs likes BusinessWeek piece on GM

TheStreet.com’s Marek Fuchs, who admits that he rarely finds a business journalism article that makes him smile, is all gushy about David Welch’s piece about automaker General Motors in the most-recent BusinessWeek.

Fuchs wrote, “Taking the form of an open note to General Mayhem — er, Motors — Business Week says size doesn’t matter. Let Toyota be No. 1 and put up with all the scrutiny and other baggage of that status. If it doesn’t come harnessed to automatic profit — and it doesn’t — why spend billions for the opportunity to thump your chest? At least in sports, you get a parade if you win. In business, you get a few meaningless headlines.

“Business Week is not suggesting that General Motors become some fringe element in the auto business. And you might think the advice is trite, a bit simplistic.

“But as Business Week is right to point out (good little scribes, good), the Head Fred of GM, G. Richard Wagoner Jr., is talking a good game about profits — but the gasbag is also thinking about buying Proton Holdings. And while a purchase of the distressed Malaysian carmaker would help in the market share department, you have a better chance of seeing The Business Press Maven eat humble pie than you do of seeing Proton ever contribute to GM’s bottom line.”

Read more here.

Recent Posts

PCWorld executive editor Ung dies at 58

PCWorld executive editor Gordon Mah Ung, a tireless journalist we once described as a founding father…

11 hours ago

CNBC taps Sullivan as “Power Lunch” co-anchor

CNBC senior vice president Dan Colarusso sent out the following on Monday: Before this year comes to…

2 days ago

Business Insider hires Brooks as standards editor

Business Insider editor in chief Jamie Heller sent out the following on Monday: I'm excited to share…

2 days ago

Is this the end of CoinDesk as we know it?

Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…

2 days ago

LinkedIn finance editor Singh departs

Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…

3 days ago

Washington Post announces start of third newsroom

Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…

4 days ago