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GM News, New Models and Market Share

8631 messages,  Last post on Dec 06, 2009 at 6:18 PM

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#3043 of 8631
Recalls by imidazol97
Jan 02, 2009 (5:56 pm)
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A report on a newscast said Honda and TOYota had increases in the numbers of recalls this last year.
 
Anyone got the data?
#3044 of 8631
Re: Recalls [imidazol97] by cooterbfd
Jan 03, 2009 (3:48 am)
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Replying to: imidazol97 (Jan 02, 2009 5:56 pm)

Funny you should ask:
 
http://www.detroitnews.com/apps/pbcs.dll/article?AID=/20090102/AUTO01/901020337/- 1148
#3045 of 8631
Re: Recalls [cooterbfd] by gagrice
Jan 03, 2009 (5:58 am)
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Replying to: cooterbfd (Jan 03, 2009 3:48 am)

Looks to me like cars from the 1960s and 1980s were far better than current vehicles. I think 2007 was a real bad year for Toyota. The Camry and Tundra were both problematic. There are things I dislike and consider defective on my Sequoia that Toyota will not fix. Not sure I would buy another. Though overall it is far better built than the 2005 GMC PU truck.
#3046 of 8631
More GMAC stuff by 62vetteefp
Jan 03, 2009 (7:24 am)
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I did not know that GMAC had exclusive rights to financing with GM and interest promotions.
 
GMAC LLC will no longer have exclusive rights to provide no- or low-interest loans to people who take advantage of General Motors Corp. financing incentives, as part of the complex deal that gave the troubled lender billions in federal aid.
 
The move could reduce the Detroit automaker's dependence on GMAC to provide financing and possibly boost its sales by giving consumers more options for affordable loans.
 
In its filing with the U.S. Securities and Exchange Commission, GMAC said GM can now offer financing incentives such as zero-percent loans through other lenders under certain circumstances. Some of the restrictions disappear in December 2010, and all of the restrictions will be gone three years later.
 
GM dealers already have seen significant sales increases as a result, said Jesse Toprak, executive director of industry analysis for the automotive Web site Edmunds.com.
 
"In the last few days, dealerships have been telling us that they did 40 percent of their business for December in the last week," Toprak said. "The uptick is certainly more than we traditionally see in the month of December."
 
http://www.detnews.com/apps/pbcs.dll/article?AID=/20090103/AUTO01/901030346/1148- /auto01
#3047 of 8631
Re: Recalls [cooterbfd] by circlew
Jan 03, 2009 (7:52 am)
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Replying to: cooterbfd (Jan 03, 2009 3:48 am)

GM is the undisputed World Champs for the 40th year running!
 
Things will change, I'm sure.
 
Regards,
OW
#3048 of 8631
by m4d_cow
Jan 03, 2009 (9:26 am)
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I don't think the drop off in domestic full-size truck sales has anything to do with the quality of the product.
 
Actually, I personally consider F150 the most reliable full size truck out there. My college bud's Ram1500 has been around for 3 years with amazingly no trouble save for jammed right window (fixed under warranty).
 
A report on a newscast said Honda and TOYota had increases in the numbers of recalls this last year.
 
That's news for Honda, nothing new for Toyota, the number of recalls for Toyota continues to rise every year. Compared to the 90s their products are practically falling apart (just look at current Camry and it's fist size gaps between panels).
#3049 of 8631
Re: Recalls [circlew] by m4d_cow
Jan 03, 2009 (9:41 am)
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Replying to: circlew (Jan 03, 2009 7:52 am)

Sure. That's why government should keep loaning them money so in the end they can do it like Wallstreet banks do: refusing to disclose any information on how the bailout money's been spent so far because: "It's impossible to trace" or "We refuse to release any informations because it's not required under the contract". And unless there are specific rules in the agreement I bet 100% GM and Chrysler officials will give the same answer when the congress ask for bailout details.
 
So ironic how the cunning losers get government support, while the winners and actual "the have nots" don't.
#3050 of 8631
Re: Recalls [m4d_cow] by circlew
Jan 03, 2009 (9:59 am)
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Replying to: m4d_cow (Jan 03, 2009 9:41 am)

Yes, it's sad that a failed industry gets life support. Banks included. The final laugh is the rich got fooled by one of the key players of the game, Mr. BM. He was the Wagoner of Wall St.
 
Actually, if you think about it, the CDS trades are really a sophisticated Ponzi sceme in themselves. Throw them out and then hedge against falling value. I get it now.
 
Make boring, low quality products and the Gov't will take over so don't even sweat it. Just keep asking nicely and you will be taken care of because your too big to fail. Lehman was an admitted oops. Next up, homeowners who over bought...after that, consumers who overspent. How the heck am I not in any of these categories?? I'm not up to speed on current events, I guess.
 
Ironic, indeed. Toyota Honda, meet Kia and Hyundai. Deja Vu.

Regards,
OW
#3051 of 8631
Re: Recalls [m4d_cow] by 62vetteefp
Jan 03, 2009 (10:07 am)
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Replying to: m4d_cow (Jan 03, 2009 9:41 am)

Sure. That's why government should keep loaning them money so in the end they can do it like Wallstreet banks do: refusing to disclose any information on how the bailout money's been spent so far because: "It's impossible to trace" or "We refuse to release any informations because it's not required under the contract". And unless there are specific rules in the agreement I bet 100% GM and Chrysler officials will give the same answer when the congress ask for bailout details.
 
There is no way this will happen. More ranting w/o any kind of facts or data.
#3052 of 8631
Re: Recalls [62vetteefp] by circlew
Jan 03, 2009 (11:45 am)
Reply

Replying to: 62vetteefp (Jan 03, 2009 10:07 am)

The government has pledged to provide $250 billion to banks in return for partial ownership. The goal is for banks to use the money to boost lending. However, a recent review by The Associated Press found that after receiving billions in aid from U.S. taxpayers, the nation's largest banks can't say exactly how they're spending the money. Some wouldn't even talk about it.
 
The idea behind the capital injection program is for banks to use the money to rebuild reserves and lend more freely to customers. However, banks do have leeway to use the money for other things, such as buying other banks, paying dividends to investors or bonuses to executives. That's touched a nerve with some lawmakers and other critics.
 
Money from the bailout pot also has been used for other things, including throwing a financial lifeline to ailing auto companies, and teetering insurance giant American International Group. Money also was used to back a rescue for Citigroup Inc.
 
 
So we assume that the auto bailout money is golden and will be tracked sufficiently according to the agreement. GMAC include. No problem. They have had success in the past with their finances.
 
Regards,
OW

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