Excuse me for saying so what appears that General Motors loss of $323 million in Q1 is no time to celebrate. However analysts say that they beat the Street, as their losses were expected to be a lot worse. I find a troubling that someone would consider this to be good news. In fact I am appalled at the lousy business media coverage on this issue.

Failure is not an option, weakness is not an American trait and GM's loss is not a good thing. In fact their dismal performance and excuse ridden rhetoric is typical of something you'd find coming out of Washington D.C. and not the largest automaker in the world.

But apparently investors are happy to see the GM only lost $323 million; this news insanity. General Motors failed to adapt and their labor relations are terrible, while their vendors are out for them selves and GM has over $10 billion and under funded pensions. Excuse me but what's wrong with this picture?

Their Chief Executive Officer Rick Wagoner is reducing pension contribution costs and reneging on prior promises, while trimming health-care benefits and over 35,000 jobs. Additionally they're building six plants in Mexico to build cars. It seems rather odd that anyone ever said; what's good for GM is good for America because today from where I stand it appears to me that what's good for GM is much better for Mexico then America.

Due to General Motors failure to time the market and learn from the Deming years, may have given 10 percent of their market share to Toyota; how can they sit here today and say they've made a few mistakes, but they have everything under control. As far as I am concerned it looks to me like GM is toast and they will continue to lose market share to the Japanese automakers and God help them with the Chinese start importing cars in 2007. Consider this in 2006.