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Automotive News & Views GM News, New Models and Market Share
8452 messages, Last post on Nov 25, 2009 at 11:27 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: dieselone (Oct 22, 2009 10:36 am) My friends replaced a tranny in their 2002 Explorer (which greatly improved fuel economy for some reason) as well and three guys here at work have had ball joint problems with their F-150's. But my grandfolks also drove a 92 Taurus with over 300k miles that still had the original headgasket (not a misprint) and tranny (also not a misprint) and they currently drive a 93 Taurus wagon with over 200k and it also has these original items which supposedly were major problem areas. Back on point I know Lemko is a diehard GM fan with a softspot for Mopars and the Ford panthers. I can understand the preference for big, cushy vehicles. But there are so many choices he is missing out on IMO that would be similar in size, comfort and space, it's a shame to just claim surrender. I'm thinking an Infiniti M would be right up his alley.  
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My dad has primarily bought fords. He put 250k miles on a 92 Crown Vic (great car in it's day), then 200k on a '00 Taurus that was pretty much trouble free until 150k or so, but nothing major ever went wrong. Last winter when it was time to replace the Taurus, he decided to test drive everything in his price range. He wasn't impressed with the '09 Fusion or Taurus (the new '10 models weren't out yet), he didn't like the LaCrosse, Malibu, or Impala. He also wasn't overly impressed with Camry, he ended up with an 09 Accord EX-L v6 and loves it. In 9 months he's put 25k trouble-free miles on it and he absolutely loves the car. It feels like a bank fault and tomb quiet compared to my wife's 07 GrandCrap, I mean Grand Prix. Plus it has nearly 70 more HP and gets better fuel economy. To put my dad's decision in perspective, his last 4 vehicles have been red Fords, now he's got a Silver Honda. 3 years shy of his 60th birthday he's embraced some change. Though I doubt he'll ever by a Buick after being saddled with a 2000 Park Ave that he inherited from my grandpa. After the first month of having it, he declared that he was completely baffled at why anyone would spend their hard earned money on such a cheaply made overpriced POC. Not to mention, that car cost thousands to keep running past 70k miles. |
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Replying to: kernick (Oct 21, 2009 11:13 am)
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Replying to: cooterbfd (Oct 20, 2009 3:42 pm) Regards, ]OW |
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Replying to: carstryke (Oct 22, 2009 1:52 pm) I was a stockholder for a while and did a lot of research, but don't have the annual reports in front of me. I believe though GM made $ maybe 1 out of the last 10 years? Anyone have the exact numbers. They lost many 10's of billions of $ in assets, while increasing liabilities and losing market-share. and are the other car makers like chrysler kia ford toyota also losing money every year like gm?? Hard to tell about Chrysler since there finances were skewed by their "parents" twice; but they were seeing their % of market decline. Ford is losing money too for many years. Most of the foreign makes were making money, until just the last year, and therefore their piggybanks are much better off, and you don't see bankruptcies.
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Replying to: kernick (Oct 22, 2009 3:15 pm) Just sort by year and you can see GM made decent money as late as 2004. I haven't finished going through all the other years. http://news.google.com/archivesearch?um=1&cf=all&ned=us&hl=en&q=GM+earnings+repo- rt&cf=all&scoring=n&sugg=d&sa=N&lnav=d0&as_ldate=2002&as_hdate=2008&ldrange=1960- %2C1999 bah its so easy I will do it. http://www.nytimes.com/2004/10/14/automobiles/14CND-AUTO.html ETROIT, Oct. 14 — Sapped by everything from surging domestic health care costs to a hemorrhaging European operation, General Motors today reported third-quarter earnings that were well below Wall Street's expectations, including a loss in North American automotive operations for only the second time in the last decade. Kind of blows your ",GM only made money one year out of the last 10," idea.
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You'd really have to dig into the quarterly/annual reports to see the last time GM made money actually selling cars. Going back 10 years or so, many of the profitable years were due to GMAC mortgage and auto loans etc. While the actual manufacturing of autos was in the red.
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Replying to: dieselone (Oct 22, 2009 4:42 pm)
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Replying to: carstryke (Oct 22, 2009 4:52 pm) I don't know about Kia, but Suzuki makes a lot of other stuff. ATVs, outboard marine engines, motorcycles, and other small engines etc., that have a good reputation. Suzuki has earned a quarterly profit 3 of the past 5 quarters. More than can be said of most other automakers. |
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Replying to: carstryke (Oct 22, 2009 4:52 pm) Whereas for GM , US is the biggest marker especially pickups and SUV`s which are tanking right now. |
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