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Article Comments Kiss the American Auto Industry Good-Bye (as We Know It)

420 messages, Last post on Oct 16, 2007 at 3:43 AM
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Article comments for Kiss the American Auto Industry Good-Bye (as We Know It) - Take a snapshot for posterity, because today's U.S. automotive landscape won't look like it does for much longer. (more)
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Replying to: cptchetco (Apr 25, 2007 5:09 pm) |
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Replying to: rockylee (Apr 24, 2007 8:47 pm) |
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Replying to: circlew (Jun 03, 2007 10:02 am) Great eloquence with what you wrote...Sadly enough you'll never get these GM loyalists to agree with what you are saying.. GM loyalists talk of supporting AMericans by buying GM products, even though GM builds and distributes cars in almost every major country in the world including one of their biggest and growing markets -- CHINA |
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The time has past! The milestone that the global auto industry has been holding its collective breath for -- Toyota Motor Corp.'s unseating General Motors Corp. as the world's biggest car maker -- came last year instead of in 2007 as many had expected, according to a leading industry journal. Now it's time for T to put the pedal to the metal and blow away all 3 U.S. manufacturers combined. That, IMHO, is the next milestone!!! By the way, did you hear the lastest on F?? FORD MOTOR CO might be ready to end its European tour. The car maker is said to be looking to sell its premium Volvo, Jaguar and Land Rover brands, just months after unloading the prestigious Aston Martin nameplate. Selling the remaining members of its Premier Automotive Group, which has its North American headquarters in Irvine, California, would end Ford's 20-year effort to expand its sales of luxury cars by buying European car makers. That's a victory for all 4 marqees! Regards, OW |
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It's almost over... U.S. automakers pay their factory workers an average of about $73 per hour in wages and benefits, compared to just $44 per hour for the three major Japanese car makers operating plants in North America, according to industry data. In the past, the Detroit automakers have agreed to costly labor contracts, but this time the car makers are united in believing they have no choice but to close the cost gap. One industry executive said the companies were resolved to move jobs overseas, changing the "footprint" of production, if they could not reduce their U.S. labor costs. What a shame! Regards, OW |
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Replying to: mediapusher (May 31, 2007 10:03 pm)
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Replying to: beemerhead (Jun 18, 2007 8:57 pm) What a cryin' shame! Regards, OW |
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DETROIT (AP) -- General Motors Corp. reported a second-quarter profit of $891 million on Tuesday, a huge reversal from the $3.4 billion loss it posted in the same period last year. It was the third straight quarterly profit for the nation's largest automaker, which cited improved sales, especially in growing markets worldwide. ADVERTISEMENT The profit amounted to $1.56 per share for the April-June period in contrast to a loss of $5.98 per share in the year-ago period. "Our heavy commitment to key growth markets around the world really paid off in strong growth and earnings," Chairman and Chief Executive Rick Wagoner said in a statement. The automaker, though, continued to lose money in its home market, North America, where it reported a net loss from continuing operations of $39 million. The results surpassed Wall Street expectations. The profit came despite $520 million in charges associated with the bankruptcy reorganization of Delphi Corp., GM's former parts arm, and other restructuring costs for GM's North American unit. GM said its adjusted net income, excluding the special items, was $1.4 billion, or $2.48 per share. Fifteen analysts polled by Thomson Financial predicted earnings of $1.13 per share, excluding special items. We are just smarter than the rest of the world! Regards, OW |
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Although the Taurus name is still recognized by 80% of consumers, Ford managed to sell just 3,562 Taurus models during the month of September. In comparison, Ford sold 6,054 Five Hundred during the same month last year. July 2005 was the sedans best ever month, moving 13,555 units. Ford sold 1,551 Sables during the month of September, also off the pace from a year earlier. Ford officials blame the sales downturn on the slumping large sedan market. “No question, there is a general downsizing in all categories,” said George Pipas, Ford’s top analyst for U.S. sales. “Buyers who used to trade large for large are now trading large for a smaller vehicle. People who traded an Explorer for an Explorer are more likely to come down. One of things we’re finding in the small-car segment is it is not just an entry point but is becoming a destination for the downsizing that occurs in vehicles and other categories.” The Taurus X has also experienced underwhelming sales. During September 2007, Ford sold 2,517 examples, down from 3,801 a year before. Sagging sales of for the Taurus X are especially worrisome because crossover sales have been steadily on the rise. In contrast, Ford's other CUVs — such as the Ford Edge and Lincoln MKX — have seen a tremendous sales growth over the last few months. Poor sales of the Taurus X could also spell trouble for the upcoming Flex CUV, which has the same wagon-style body as the Taurus X. Ironically, name confusion is also a major hurdle for Ford's new trio of cars. A recent study revealed that Ford salespeople still call the vehicles by their former names. |
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