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Automotive News & Views GM News, New Models and Market Share
8495 messages, Last post on Nov 28, 2009 at 2:42 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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* GME president Carl- Peter Forster: “a success in difficult times” * GM sales in Europe reach 2.04 million vehicles in 2008, with a market share of 9.3 percent * Chevrolet breaks through 500,000 sales volume * Opel sets sales record in Central and Eastern Europe, with volume up 13 percent * All-new Opel/Vauxhall Insignia wins European Car of the Year 2009 and has excellent start with nearly 44,000 orders Insignia is on the Epsilon II architecture which is also in the new LaCrosse. Insignia was to be the next Aura but now? Perhaps the G6? Keep the G8 and Sky and quite a line up. Or bring the Insignia over as the new Malibu? Might be a bit too sporty for a Chevy. |
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Great vehicles coming out, award winning vehicles, sales up overseas! So I guess the crisis is over, GM won't ask for any more loans, and they'll start paying the loans back in 2010!  It just seems like a few short weeks ago that GM was saying they'd have to close the doors, as no one in the private sector was willing to loan GM $. Doh - it was just a few short weeks ago! So which story GM is pushing is right? It seems GM is presenting 2-face stories. |
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"Little Miss can't be wrong" - Spin Doctors. It's being played on many forums, including Edmunds.
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Replying to: kernick (Jan 09, 2009 12:39 pm) In December GM said they did not have enough liquidity to pay their bills here in the US. If they did not pay their bills they would have to go bankrupt. Now that they have the loan they are paying their bills. They do seem to have a lot of award winning vehicles coming out. Sales are up overseas. They have said they do not plan on asking for anymore money. Where did you read the loans would be paid back in 2010? Per the restructuring plan: Assuming the lower, depressed industry volumes under the Downside scenario, GM would make full use of the $18 billion temporary Federal loan facilities through most of 2012. While not shown, Downside industry volumes in 2013 are projected at 13.5 million units. Under this Downside Scenario, the company would expect to begin partial repayment of the temporary Federal loan facilities in 2012. They have said all along that the issue is in the US only. Overseas they have increasing sales and the end of the year sales confirms that sales are increasing overseas.
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So far, same news as the last few decades: According to data from Edmunds.com, the Detroit Three lost a collective total of 3.7 points of market share in 2008. Chrysler led the group, ceding 1.9 points of share (from 12.9 percent of the market in 2007 to 11 percent in 2008). GM lost 1.4 percent (from 23.8 percent in 2007 to 22.4 percent). Ford gave back 0.4 points of share (from 15.5 percent to 15.1 percent for 2008). Meanwhile, the three automakers who comprise the rest of the U.S. "Big Six" - Toyota Motor Corp, Nissan Motor Co. Ltd. and Honda Motor Co. Ltd. - all gained market share in 2008, despite their own heavy declines in actual sales volume. Toyota picked up a half-point of share (16.3 percent of the market in 2007 to 16.8 percent in 2008), Nissan gained 0.6 percent (from 6.6 percent to 7.2 percent of the market) and Honda grabbed an extra 1.2 percent of market share (from 9.7 percent in 2007 to 10.9 percent for 2008). The totals, then, maintained Detroit's decades-long giveaway of market share: in 2008, Detroit slid from owning 52.2 percent of U.S. auto sales to 48.5 percent. The three largest Japanese automakers gained 2.3 percent of market share in 2008 (from 2007's 32.6 percent to 34.9 percent for 2008), leaving 1.4 percent to be distributed among the smaller automakers. Long road ahead, indeed. Regards, OW
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Replying to: anythngbutgm (Jan 09, 2009 11:24 am) |
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Replying to: lemko (Jan 09, 2009 10:21 am) Impala - What the heck is wrong with the Impala? Issue is not whether there is something wrong with it. Issue is whether it is in the bottom third of currently offered models in that class. Aveo is at the bottom compared with Fit, Yaris, Versa, Mini Cooper -- just to name four tiny cars. It might be better than the Smart. Impala - not as good as Camry, Accord, Sonata, Optima, etc. My 66 VW Beetle was reliable and got me from A to B. So was it crappy if nothing was wrong with it? In today's market it would be crappy. |
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Replying to: imidazol97 (Jan 09, 2009 10:50 am) No offense, but LOL. Maybe if you are used to the big land yachts. Try driving a BMW, Audi, or even a VW.
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Replying to: 62vetteefp (Jan 09, 2009 11:26 am)
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Replying to: tlong (Jan 09, 2009 2:50 pm) >No offense, but LOL. Maybe if you are used to the big land yachts. Not sure why you're trying to ridicule that I thought one would be good for a third car, but if it's okay with the forum...
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