General Motors Corp. still is too large and too much geared towards cars, which may cause problems during the next industry downturn, argues Morgan Stanley Dean Witter analyst Stephen Girsky. “It's important that (production) mix and cost reduction go forward, otherwise the profits are at risk. GM's gone from 36% light trucks to 48%. Ford's gone from 45% to 60%. Chrysler 60% to 71%. What's interesting is that despite the fact that GM was the farthest behind, everybody else has improved ...
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