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Automotive News & Views Do You Favor A Government Loan To The Detroit 3?
3958 messages, Last post on Oct 02, 2009 at 4:52 PM
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Replying to: tlong (Nov 27, 2008 1:31 pm) Case in point today. New Malibu has a base MSRP of about $20,500. Base Impala, about $2500 more. Yet, look at ads for both cars. i see ads every day around here for the Malibu LS for about $19,000. The Impala is generally advertised for a few hundred to a thousand more. Seeing as how the Impala is "old school" GM and the Malibu is "new school", getting better materials and such, it's no wonder that the smaller, "cheaper" Malibu commands almost as much as the bigger "more expensive" Impala. Remember, the Big 3 haven't begun to see the real savings from their 2007 contracts (VEBA). Now, that's not to say that more savings can't be negotiated right now, that would say loosen work restrictions, save healthcare monies, shrink the jobs bank, etc.
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Replying to: tlong (Nov 27, 2008 3:54 pm) What about the Holden Barina and Viva, or the Vauxhall Agila and Astra??? All GM owned, RHD (not left) and available now.
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Replying to: maple2 (Nov 27, 2008 5:20 pm) Quote from a March, 2008 article: "Wander through Tokyo's upscale wards and you'll find no shortage of expensive German models". BMW, Mercedes, and Audi manage to sell in Japan.
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Replying to: cooterbfd (Nov 27, 2008 5:41 pm) GM should bring some of those small models over here! I know Ford is working to rapidly bring some of their Euro cars to the US. Many of us don't like big cars and trucks. If I want a good-handling, quality smaller car there is nothing of interest for me from the D3. That's a real shame. |
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Replying to: tlong (Nov 27, 2008 6:16 pm) http://www.customs.go.jp/toukei/srch/indexe.htm?M=03&P=1,2,,,1,2008,0,10,0,0,1,7- 050101,,,,,,,,,,3,,,,,,20 Germany IS the leader, but since ther is no breakdown by mfr., I'll assume that VW has the lion's share of those. |
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Replying to: cooterbfd (Nov 27, 2008 5:35 pm) So while you don't say it explicitly, I'd gather from this statement that you mostly agree with Wagoner - the restructuring is complete, GM only needs a bridge loan until the economy improves and the previously negotiated changes take financial effect. There might be a few more incremental changes but nothing major. Is that correct? Let's just say that I totally disagree that this will be enough.
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"GM Asks U.S. FAA to Bar Public Tracking of Leased Corporate Jet " - Bloomberg News GM apparently doesn't want their plane trackable in the FAA public database! |
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Replying to: cooterbfd (Nov 27, 2008 12:31 pm) They gave him a raise over what he was making here in San Diego. Plus he only drives 4 miles to work and rent is half of what he paid here for a lot bigger apartment. Taxes are cheaper and so is gas and utilities. I think he was making $45k a year here as an IT person.
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Replying to: cooterbfd (Nov 27, 2008 6:21 pm) So you complain that the Japanese market is closed, but then you say why bother designing for it? That's no way to get into a market if there is really some interest. Which there isn't. It's just a smokescreen by the UAW to hide from all the mistakes made in this country. What ever happened to accountability? Let the D3 fail if they cannot be competitive, or better yet, downsize to a competitive position and then they might get serious about making world-class products. That's why a loan to the D3 is a huge mistake. Dump the lousy vehicles (perhaps 50% of the total) that are just propping up all the underutilized facilities and perhaps they can focus on excellent products again. I'd rather see a 15% market share of the D3 which is climbing, with a position of strength brought on by excellent vehicles, than a 30% market share where the patients are gasping for air and digging into our wallets for our money while they ride on corporate jets.
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Replying to: kernick (Nov 27, 2008 1:27 pm) I would say GM should do what Hyundai did to build confidence. Give 10 year 100k mile warranty on the cars they think will last that long. If GM does not have as much confidence in their cars longevity as Hyundai, why should the consumer?
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