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Thread: Government Motors

  1. #37

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    Default Re: Government Motors

    Quote Originally Posted by phil View Post
    [snip]Joseph Heller's Catch-22 is the only book we need to reference. Milo Minderbender rules the world.
    Anyone know where to trade M&M Enterprises stock?

    I am now motivated to read that book again, 40 years later, to see what I think now.

    Phil, his name was Milo Minderbinder. We must not have typographical errors or incorrect historic references lest we be percieved as ignorant.

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  3. #38

    Default Re: Government Motors

    Point well taken. Minderbinder it was. Let's call it a typo, unless I have permission to use artistic license, which would indicate that I did it on purpose?
    How much to pay for artistic license, and where do I renew it?

    The movie with Alan Arkin was also exceptional.

    Quote Originally Posted by PessOptimist View Post
    Anyone know where to trade M&M Enterprises stock?

    I am now motivated to read that book again, 40 years later, to see what I think now.

    Phil, his name was Milo Minderbinder. We must not have typographical errors or incorrect historic references lest we be percieved as ignorant.

  4.  
  5. #39

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    Default Re: Government Motors

    Quote Originally Posted by phil View Post
    Point well taken. Minderbinder it was. Let's call it a typo, unless I have permission to use artistic license, which would indicate that I did it on purpose?
    How much to pay for artistic license, and where do I renew it?

    The movie with Alan Arkin was also exceptional.
    The artistic license is 33,329.95. I am the renewal agent. Send cash and I will get back to you.

    I still am looking for M&M Enterprises stock.

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  7. #40

    Default Re: Government Motors

    I'll sell you mine. Found it when looking for parachute.

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  9. #41

    Default Re: Government Motors

    Though in the book it was CO2 cartridges.

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  11. #42

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    Default Re: Government Motors

    Chinese car market overtakes that of United States

    Chinese car market overtakes US; shift could affect vehicle designs, energy, pollution



    • By Elaine Kurtenbach and Dee-Ann Durbin, AP Business Writers
    • On 5:10 pm EST, Thursday December 10, 2009


    SHANGHAI (AP) -- China has overtaken the U.S. as the world's biggest market for automobiles, the first time any other country has bought more vehicles than the nation that produced Henry Ford, the Cadillac and the minivan.

    Now that the Chinese buy more cars and trucks than Americans, the shift could produce ripples for the environment, gas prices and even the kinds of cars automakers design.

    More than 12.7 million cars and trucks will be sold in China this year, up 44 percent from the previous year and surpassing the 10.3 million forecast in the U.S., according to J.D. Power and Associates.

    China has long been expected to overtake the U.S. since its population of 1.3 billion is more than quadruple that of the United States. But the increase in sales happened much faster than anyone expected because of China's tax cuts, its stimulus program and a depressed American market.

    Two years ago, J.D. Power predicted China would pass the U.S. in 2025. Earlier this year, it forecast 2009 sales of just 9 million vehicles for China.

    After a sharp slowdown in auto sales late last year, the Chinese government cut taxes on small cars and spent $730 million on subsidies to encourage sales of SUVs, pickups and minivans. A big stimulus program also boosted truck sales by pumping money into construction.

    More: http://finance.yahoo.com/news/Chines...774294944.html

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  13. #43

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    Default Re: Government Motors

    Visteon Can End Most Health Insurance for Retirees (Update1)

    By Steven Church

    Dec. 10 (Bloomberg) -- Visteon Corp., the bankrupt auto- parts maker once owned by Ford Motor Co., won court permission to quit paying health and life insurance costs for most of its retired workers.

    U.S. Bankruptcy Judge Christopher Sontchi in Wilmington, Delaware, today overruled objections from union workers, agreeing with Visteon’s claim that it couldn’t afford the program, which may cost about $31 million this year.

    The company said previously that the measures would affect about 7,000 current workers and retirees. Sontchi ruled that only about 110 current workers are entitled to the benefits because of a contract.

    More: http://www.bloomberg.com/apps/news?p...d=a4UHfExux5X0


    (Visteon was the parts supplier division of the Ford Motor company before being spun off in 2000. More than 70,000 Ford Employees took major pay cuts in the spinoff in 2000, and two previous rounds of pay cuts before their bankruptcy in May of this year. By 2007, the number of employees had fallen to below 50,000, as 16 parts plants were cut back to six. Visteon declared bankruptcy earlier this year, and now employees just over 11,000 salary and 22,000 hourly workers. This ruling today cuts off the health care insurance and life insurance policies for more than 7,000 former Ford/Visteon retirees. Visteon continues to be Ford Motor Company's biggest single supplier)

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  15. #44

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    Default Re: Government Motors

    The New GM increases sales in December, and increases market share:


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  17. #45

    Default Re: Government Motors

    Announced this morning: Ed Whitacre is named permanent, not interim, CEO.


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  19. #46

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    Default Re: Government Motors

    Chevrolet, Buick, GMC and Cadillac Retail Sales Up 3 Percent
    – Total Sales for These Brands Up 30 Percent

    GM Total Sales Increase 14 Percent
    Fourth Consecutive Month of Retail Sales Gains for GM’s Four Brands
    Chevy Equinox, GMC Terrain and Cadillac SRX Retail Sales Up 161 Percent
    Fleet Sales Comprise 29 Percent of Total Sales


    DETROIT – U.S. dealers for GM’s brands – Chevrolet, Buick, GMC and Cadillac – reported retail sales of 102,420, up 3 percent compared to January 2009, and 145,098 total sales (up 30 percent). These results were driven by the continued strong growth of new GM crossovers and passenger cars. For the month, GM dealers reported 146,825 total sales (including other brands), representing a total sales increase of 14 percent from the previous year.
    “This is the fourth month in a row that Chevrolet, Buick, GMC and Cadillac have shown a collective year-over-year retail sales increase,” said Susan Docherty, GM vice president, Sales, Service and Marketing. “Our long-term plan to continue to focus and strengthen our brands is delivering results.”

    Chevrolet, Buick, GMC and Cadillac comprised 98 percent of the company’s retail sales in January, compared to 85 percent a year earlier. Retail sales, including other brands, in the U.S. were 104,122 during the month. This represents a 10 percent decline from a year ago, driven by other brand sales – Pontiac, Saturn, Saab and HUMMER – that were 90 percent lower. GM dealers delivered 42,703 fleet vehicles, comprising 29 percent of total deliveries for the month.


    Other Key Facts:


    • Chevrolet Equinox retail sales increased 67 percent; estimated retail share of the compact crossover segment is up 5 points (Jan. 2009 vs. Jan. 2010)
    • GMC Terrain retail sales were up 162 percent (compared to the vehicle it replaces, Pontiac Torrent); estimated retail share of the compact crossover segment is up more than 3 points (Jan. 2009 vs. Jan. 2010)
    • Cadillac SRX retail sales were up 218 percent vs. last year, the fifth consecutive month it has gained more than 100 percent year-over-year; SRX gained approximately 15 points of retail share in the Mid-lux SUV crossover segment (Jan. 2009 vs. Jan. 2010)
    • In their first year on sale, GM Compact Crossovers – Chevrolet Equinox and GMC Terrain – have become the second best selling crossovers in the industry
    • GM sells more crossovers than any other automaker, representing approximately 20 percent of industry crossovers sold
    • Buick LaCrosse retail sales were up 142 percent, the fourth consecutive month it has gained more than 100 percent year-over-year; LaCrosse gained an estimated 12 points of retail segment share, making it number one in its segment (Jan. 2009 vs. Jan. 2010)
    • Chevrolet dealers sold 5,371 Camaros – the eighth straight month it has outsold Mustang

    “Our launch vehicles such as the Chevrolet Equinox and Camaro, Buick LaCrosse, GMC Terrain, and Cadillac SRX continue to attract new customers to our brands,” Docherty said. “In addition to styling and fuel efficiency, customers have told us they want safe, high quality vehicles. They can have peace of mind knowing that our vehicles come standard with our 5-year, 100,000 mile powertrain warranty and OnStar.”


    Management Discussion of January Sales Results


    “Global economic recovery is picking up pace,” said Mike DiGiovanni, executive director, global market and industry analysis. “In the U.S., we are seeing a strong rebound in manufacturing and stabilization of consumer confidence, which will support a slow but steady improvement in the vehicle market.”
    U.S. Economy

    • Leading economic indicators point to a continuing recovery in 2010, although risks remain
    • Job losses continue to decline, but initial claims of unemployment remain high, indicating continuing reduction in the labor force. Unemployment is likely to stay near 10 percent
    • Consumer confidence stabilized at the December level. Consumer vehicle buying attitude is improving, but consumers don’t anticipate a strong recovery in jobs and income
    • Home prices have stabilized in large parts of the country. Housing starts dropped 4 percent in December, but rising housing permits indicate construction will pick up in coming months
    • The manufacturing sector continues to expand. Corporate profit reports show the corporate sector is positioned to expand as the economy improves

    U. S. Auto Industry

    • The U.S. January 2010 SAAR is estimated to be approximately 11.0 to 11.3 million (total industry estimate) – largely on par with Q4 2009 sales
    • Based on the strengthening U.S. economy, we are increasing our 2010 CY sales outlook to 11.5 to 12.0 million (total vehicle)

    GM North America Production is increasing:



    While DEALER INVENTORIES ARE ABOUT 60% OF WHAT THEY WERE THIS TIME LAST YEAR:


    More: http://www.gm.com/corporate/investor...on/sales_prod/
    Last edited by James48843; 02-15-2010 at 02:42 PM.

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  21. #47

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    Default Re: Government Motors


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  23. #48

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    Default Re: Government Motors

    What would they do without gov't... err I mean fleet sales?

    Quote Originally Posted by James48843 View Post
    Chevrolet, Buick, GMC and Cadillac comprised 98 percent of the company’s retail sales in January, compared to 85 percent a year earlier...GM dealers delivered 42,703 fleet vehicles, comprising 29 percent of total deliveries for the month.
    What will they think of next, the 30 year auto loan?

    Home prices have stabilized in large parts of the country. Housing starts dropped 4 percent in December, but rising housing permits indicate construction will pick up in coming months
    Has anyone ever seen a car dealer or home Realtor come out and say, "Save your money, now is not a good time to buy. Prices will be lower in a few months." I haven't, yet this would be the best advice any of these people could give. Buy more, buy more now.

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