For all you GM defenders who refuse to admit that GM screwed
themselves by refusing to recognize vehicle trends and build less
SUV's and trucks and invest in other production; by building low
quality cars; by building cars no one wants; and by generally
mismanaging the company - here is it from the horse's mouth (or more
accurately, horse's ass in the case of GM):

http://news.yahoo.com/s/nm/20081208/us_nm/us_gm_ad

"... we acknowledge we have disappointed you," the ad said. "At times
we violated your trust by letting our quality fall below industry
standards and our designs became lackluster."

The unsigned open letter, entitled "GM's Commitment to the American
People" ran in the trade journal Automotive News, which is widely read
by industry executives, lobbyists and other insiders.

In the ad, GM admits to other strategic missteps analysts and critics
have said hastened its recent decline.

"We have proliferated our brands and dealer network to the point where
we lost adequate focus on the core U.S. market," the ad said. "We also
biased our product mix toward pick-up trucks and SUVs."