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GM News, New Models and Market Share

8470 messages,  Last post on Nov 27, 2009 at 8:55 AM

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What is this discussion about? Automotive News


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#6959 of 8470
Re: Government Motors [gagrice] by steve_ HOST
Jul 15, 2009 (8:52 pm)
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Replying to: gagrice (Jul 15, 2009 8:43 pm)

Just learned how to post pics eh?
 
Mission Accomplished: Auto Task Force Could Be History (AutoObserver)
 
"This week's departure of Steven Rattner from President Obama's automotive task force suggests the panel soon could be dissolved now that General Motors and Chrysler have emerged from bankruptcy.
 
The possibly imminent dissolution of the task force suggests what its members and President Obama have insisted all along - but have not been believed - that they do not want to run the day-to-day business of GM and Chrysler."
#6960 of 8470
Re: Government Motors [steve_] by gagrice
Jul 15, 2009 (9:08 pm)
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Replying to: steve_ (Jul 15, 2009 8:52 pm)

Do you think that will be the end of the money from US tax payers? It will be interesting to see how it all plays out. To be honest I kind of wish that Barry had stayed tied up with the auto industry and not gotten involved in the CnT and healthcare.
#6961 of 8470
Re: Poor Wagoner... [carnaught] by circlew
Jul 16, 2009 (5:12 am)
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Replying to: carnaught (Jul 15, 2009 6:13 pm)

It pays to work for the Government, don't you think?
 
Regards,
OW
#6962 of 8470
Re: Government Motors [gagrice] by circlew
Jul 16, 2009 (5:14 am)
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Replying to: gagrice (Jul 15, 2009 9:08 pm)

Did you ever think we would get the money back? Not unless sales get back to 17MM units in the U.S.
 
Don't hold your breath.
 
Regards,
OW
#6963 of 8470
Re: Government Motors [circlew] by gagrice
Jul 16, 2009 (5:54 am)
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Replying to: circlew (Jul 16, 2009 5:14 am)

I look for US to go into the same slide as Japan. 17 MM vehicles is a historical figure. That many vehicles would never have been reached but for the banking industries loose lending policies. Now the pendulum has swung and lending is as it should be. Though I cannot say I am thrilled with our TARP money being handed out to banking people in the form of bonuses. I do not expect Obama Motors to get much of the C4C money. Maybe sell a few work trucks that do not need to have improved their mileage.
 
I am not holding my breath. I am looking for the economy to be a real train wreck before we hit bottom. GM will seem miniscule compared to the overall loss of jobs. If I was in business today, I would be liquidating before the hammer falls.
#6964 of 8470
GM by tomcatt630
Jul 16, 2009 (7:25 am)
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people go on and on about 'Gov't Motors', and say 'Gov't can't do anything right'. But, how about the Dept of Defense? The US Military? They never question them, in fact the Military is good example of working Gov't institution, so why think "all" is bad?
#6965 of 8470
Re: Government Motors [gagrice] by circlew
Jul 16, 2009 (7:55 am)
Reply

Replying to: gagrice (Jul 16, 2009 5:54 am)

You are spot on...liquidating and de-leveraging are the smart plays. The interesting thing is the financial community is still spinning it's "green shoots" perspective and leveraging energy and technology. Without strong fundamental consumer support, this is very premature from my perspective.
 
I did hear a recent poll that suggests many will put off buying a car for a least 4 years, which lends much credence to your stance.
 
Regards,
OW
#6966 of 8470
Re: Government Motors [circlew] by cooterbfd
Jul 16, 2009 (1:18 pm)
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Replying to: circlew (Jul 16, 2009 7:55 am)

".....I did hear a recent poll that suggests many will put off buying a car for a least 4 years, which lends much credence to your stance."
 
I believe that was in reference to people who had recently purchased a new car, as opposed to trading it in every 3 years. I know that when I buy my new Lacrosse, it will be around for at least 6 or 7 years. My wife's Ranier is almost 6 yrs old, and will probably be with her for 4-5 more years (then handed down to my youngest, who is now 12)
#6967 of 8470
I was prompted to compare the 2010 Chevy Camaro... by iluvmysephia1
Jul 16, 2009 (1:38 pm)
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front end to my 2008 Mitsubishi Lancer GTS front end and guys, we have a winner.
 

 
Having said that, I've seen way worse Chevy's than this Australian Chevy Caprice. I'm not even going to hint that someone might call it a "Crapice."
 
Couldn't resist though, our friend Chevrolet is...ummm...bordering on being called a laughingstock vehicle manufacturer.
 
I agree nvbanker, they oughtta pare it down to Chevrolet and Cadidillac and call it exciting and new and get to it now, not three yesterdays ago.
#6968 of 8470
Re: Government Motors [circlew] by andre1969
Jul 16, 2009 (1:41 pm)
Reply

Replying to: circlew (Jul 16, 2009 7:55 am)

I did hear a recent poll that suggests many will put off buying a car for a least 4 years, which lends much credence to your stance.
 
I know I'm planning on putting it off as long as I can. And next time around, instead of new, I might go with slightly used (1-2 years old). Probably not what the auto industry wants to hear right now.

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