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Automotive News & Views GM News, New Models and Market Share
8236 messages, Last post on Nov 21, 2009 at 6:00 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: 62vetteefp (Jan 07, 2009 12:25 pm) GM will be back asking for more support (unless the debt they owe somehow goes away and people flock to only GM dealerships to by cars in April...and Red Tag sales are not necessary to support sales). Regards, OW |
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Replying to: 62vetteefp (Jan 07, 2009 12:27 pm) You can look at who else is down, but that neither helps nor hurts GM's business, unless the competition fails and GM gets their marketshare. With a $1.2T budget deficit forecast for next year already, before the Obama stimulus plan, the economic future is looking pretty bleak. This continued downturn will mean several of the major auto manufacturers of the world will fail, or all will need to permanently cut their size and costs 30%. The global expansion of auto production has went too far, just at the wrong time, and the financilly weak in the industry will fail.
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Replying to: kernick (Jan 07, 2009 1:13 pm) That's why their statement is wrong again. I'd love to fire the guys who approved releasing that statement. Unbelievable. We are all very aware that GM will need more support...unless they cut more than expected...NOT. Regards, OW |
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Replying to: kernick (Jan 07, 2009 1:13 pm) It's all a part of the market forces for automobiles. Why not post the news? Many people continually post everything they feel is good about Toyota to put down the products that GM makes..., why shouldn't Toyota's problems be listed?
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Replying to: kernick (Jan 07, 2009 12:56 pm) Good point. GM will not need anymore loans if the sales do not get worse than what is now considered worst case. '09 on. As has been posted here GM has cost savings coming over the next year to lower overhead and the cost of vehicles to be profitable. Loan repayment is part of the restructuring plan. http://media.gm.com/servlet/GatewayServlet?target=http://image.emerald.gm.com/ne- wspublisher/support_file/12-02-2008/38/081202%20Congressional%20Submission%20Fin- al.pdf
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Replying to: imidazol97 (Jan 07, 2009 3:57 pm) |
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Looks like GM has some competition. Will be interesting to see the annual fee. Toyota Motor Sales has announced a new in-car convenience telematics program for select Toyota and Lexus models that sounds a lot like GM's popular OnStar program. The proprietary system will be dubbed Safety Connect for Toyota buyers and Lexus Enform for ToMoCo's luxury brand. There's a lengthy press release after the jump, but here are the salient points. Safety Connect is the core service and, as its name implies, is designed to give drivers additional peace of mind. The system features four different safety and security elements: Automatic Collision Notification (ACN), an Emergency Assistance Button (SOS), Stolen Vehicle Location (SVL), and Roadside Assistance. Using embedded cellular and GPS, it can signal help if there's an airbag deployment or a severe rear-end collision. If the system isn't triggered automatically, the Emergency Assistance Button (SOS) can be used to contact the help center manually. If the car is stolen it can be tracked once a police report is filed. The system also includes Roadside Assistance through the SOS button when the driver needs mechanical assistance. Lexus did use GM's OnStar system After years of quiet talks with General Motors Corp., Toyota Motor Corp. this week will unveil its 2001 Lexus luxury sedans equipped with its rival's OnStar in-vehicle communications service. The licensing deal with Toyota puts GM solidly ahead of the automotive pack in developing in-vehicle Web and cellular communications systems. It should also help GM inch closer to its $61 million year-end revenue target for OnStar sales. But the pact is expected to have little near-term impact on Toyota's Lexus sales in the U.S., Lexus dealers said. GM launched OnStar, a satellite-based Global Positioning System (GPS) mapping and cellular calling service three years ago. Aichi, Japan-based Toyota will begin shipping the 2001 Lexus LS 430 to its dealers on Thursday. The restyled vehicle has a suggested price tag of $54,000. GM's OnStar service, which Toyota has rebranded as Lexus Link, is available as a factory-installed option at a cost of $1,215.
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Looks like the Volt batteries will be built here? A Massachusetts battery designer said today it plans to build a manufacturing plant in southeast Michigan to supply batteries for Detroit automakers A123 Systems says the plant will be the first of several across the country that could eventually employ 14,000 people and supply batteries for 5 million hybrid vehicles or 500,000 plug-in hybrids by 2013. The company says it will spend $2.3 billion on the factories, and has applied for $1.8 billion in federal loans under the $25-billion advanced technology program that Congress funded last year. While automakers around the world have been planning to use lithium-ion batteries in future hybrids and all-electric vehicles, most of the world’s manufacturing of such batteries is in Asia. Only one firm, Enerdel, currently builds lithium-ion vehicle batteries in the United States
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Replying to: m4d_cow (Jan 07, 2009 10:10 am) getting a good price at the time of the sale helps allow you to not have to worry about resale value. As far as long term, the 5k saved up front saves hundreds more on day 1 in sales taxes, and grows with compounding (at the car loan rate since less has to be borrowed) while both car choices drop fast in value. Even the Accord loses $4k or more in year one. If it was MT car of the year in 2008, wasn't it scrutinized carefully and is actually a below average choice as far as risk goes? |
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Replying to: circlew (Jan 06, 2009 11:17 am) It'll be interesting to see the final plan. How to convince us we deserve no success. First write that the D3 products are bad. Then, when that is refuted, say that they are good but at some time in the distant past they were bad, therefore we still wish to be unsupportive of our own economy forever. Then, to further confuse, argue that American cars are made elsewhere and that Toyota is an American company. The final plan??? The bailouts get stopped and we supply raw materials and unskilled labor as the middle class shrinks.
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