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Automotive News & Views GM News, New Models and Market Share
8059 messages, Last post on Nov 09, 2009 at 1:39 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: dave8697 (Jan 06, 2009 8:57 pm) Up from how many percents respectively? Honda never offer much in incentive and GM is notorious for giving us some of the heartiest portions of discounts. from what I see Honda can add incentive another 30, maybe 40% and it still won't be as large as GM's. The fact that Honda's market share is rising does not make me happy. Reason: jobs, jobs, jobs. Lots of Hondas are built in US now, try Ohio. Meanwile more and more GM cars are built overseas, try Brazil, Mexico, and China. Remember, dealers and GM officials say "made in America" not "made in the USA". In a way, I get my $134 share (one taxpayer's worth) of the auto bailout back if I buy one. I could live with the warranty risk for $5k up front. Yeah, do that and when congress ask for the bailout money back GM will say "it has been returned to the taxpayers in the form of GM discount"  Feel free to live with the 5k up front, but I hope you won;t cry like hell later when the resale value plummets. I think for the long term, not just up front.
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Replying to: m4d_cow (Jan 07, 2009 9:54 am) Besides, sales satisfaction doesn't translate to proper customer service, ownership experience is In looking for data I came across this chart. Not tied to the service department but something to look at. Cadillac came in 6th out of 37. Room for improvement. What is interesting is that Chevrolet and Toyota are virtually tied. http://www.thescoop-cg.com/wp-content/uploads/jd-power-apeal.pdf |
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Replying to: m4d_cow (Jan 07, 2009 10:10 am) Absolutely, please post it here. I certainly could not find anything on the net. |
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Replying to: 62vetteefp (Jan 07, 2009 10:14 am) It'd be much easier if you have access to CCTV (China Central TV). I'll also try to find an online source, it may be easier to translate. |
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Replying to: m4d_cow (Jan 07, 2009 10:22 am)
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Meanwhile, a little translated piece of the article (may be a bit weird as I translate it myself): "Chevrolet production plant in Shenyang, Liaoning province is to become the most productive GM factory in China, capable of assembling and shipping 150,000 Cruzes worldwide every year. About 10% of production planned to be shipped to America. Production will start from 4th month (I think it means 2nd quarter) of 2009, according to GM partner SAIC" A pretty small number, and I admit I don't know for sure whether America means USA or other American countries or both. I'll keep checking.
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Replying to: m4d_cow (Jan 07, 2009 10:22 am) http://www.cctv.com/program/bizchina/20081120/104862.shtml
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Replying to: 62vetteefp (Jan 07, 2009 10:31 am) I'm not sure sales will reach 300k annually, but if Cruze sells really well it's possible GM prepares some from China to keep up (compared to the current Focus in the top 10, it should have no problem overtaking Focus' slot). |
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Replying to: 62vetteefp (Jan 07, 2009 10:37 am) |
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Since GMAC was taken care of (that was part of the monies GM had asked for) they may not need anymore loan money IF sales do not go below 10.5 million. General Motors Corp. said it has enough government loans to cover its worst-case forecast for U.S. auto sales and won’t need more if the economy holds up. Pledges from the U.S. Treasury for as much as $13.4 billion to help GM pay bills and $6 billion to prop up lender GMAC LLC will meet “our liquidity needs under the scenarios outlined in our December plan to Congress,” spokesman Greg Martin said yesterday. In December, GM requested $18 billion in federal loans, saying that was what it needed to make it to 2010. That number factored in GM's 49 percent stake in its struggling financial unit, GMAC Financial. But GMAC gained status as a bank holding company and secured $6 billion of its own federal funding. The U.S. Treasury Department gave GMAC $5 billion in exchange for preferred stock in the financing company and lent GM $1 billion to invest in GMAC. "So in actuality," said the source familiar with GM's finances, the amount the government delivered "was substantially higher than the $18 billion GM asked for." |
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