It was not all bad news from the GM stockholder's meeting because Chairman Rick Wagoner has product spending on the increase for the next two years. The mantra that GM should have been chanting over and over again is "It's the product, stupid." GM will increase by nearly a billion dollars in 2005 and 2006 and finally focus on crossover vehicles, a segment that has left GM holding the keys to many big body-on-frame SUVs. GM has been saying "wait 'till next year" for as long as we can remember, but this time we see some real product in the pipeline.
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