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Thread: Government Motors

  1. #49

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    Default Re: Government Motors

    Quote Originally Posted by Bullitt View Post
    What would they do without gov't... err I mean fleet sales?
    .
    A good number of those "fleet sales" are both Government police cars, and Rent-a-car sales.

    Both are valid segments of the market.

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  3. #50

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    Default Re: Government Motors

    GM Feb 2010 total sales up 11%,
    Chevy up 32%
    Buick up 47%
    from Feb 2009.
    Attachment 8541


    Full report, by model, here:


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  5. #51

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    Default Re: Government Motors

    Note:

    I was at my local Chevy dealer this past weekend.

    They are OUT OF MALIBU's.

    Sold out now. Also shortages of Equinox.

    Today GM said they won't reopen any plants, even though they are sold out of cars at some locations at the present time.


    From: http://www.mercurynews.com/business/ci_14498617
    ------------------------------------------------------------------

    GM won't reopen any factories despite vehicle shortages


    Associated Press

    Posted: 03/02/2010 11:53:26 AM PST

    DETROIT — General Motors Co. will not reopen any factories, even though it has shortages of several new models, the company's top sales executive said Tuesday.
    Vice President of Sales Susan Docherty told reporters on a conference call that GM needs to use its current factories to the maximum rather than taking the expensive step of reopening a closed plant.

    Dealers have reported shortages of some new models, such as the Chevrolet Equinox and GMC Terrain midsize crossover vehicles, and some GM executives have been pushing to reopen a factory to boost production while the models are still hot.

    "We don't need to do that," Docherty said. "We need to leverage our existing footprint."

    At the Detroit auto show in January, GM North American President Mark Reuss raised the possibility of reopening a factory, and Vice Chairman Bob Lutz said that was how Chrysler gained market share in the 1990s when it had hot-selling products.

    But Docherty said GM is just now seeing the benefits of adding third shifts at the factory in Ontario where the Terrain and Equinox are made, as well as the Fairfax plant at Kansas City, Kan., that makes the Chevrolet Malibu midsize sedan, she said.

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  7. #52

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    Default Re: Government Motors

    Prius with stuck accelerator glides to safe stop

    EL CAJON, Calif. – A California Highway Patrol officer helped slow a runaway Toyota Prius from 94 mph to a safe stop on Monday after the car's accelerator became stuck on a San Diego County freeway, the CHP said.

    Prius driver James Sikes said that the incident Monday occurred just two weeks after he had taken the vehicle in to an El Cajon dealership for repairs after receiving a recall notice, but he was turned away.

    "I gave them my recall notice and they handed it back and said I'm not on the recall list," Sikes said.
    In a statement, Toyota said it has dispatched a field technical specialist to San Diego to investigate the incident.


    More: http://news.yahoo.com/s/ap/us_runaway_prius

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  9. #53

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    Default Re: Government Motors

    Note: My GM dealer got a dozen Malibus in last Thursday. All but one were gone yesterday.

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  11. #54

    Default Re: Government Motors

    Ed Whitacre is now paying big for TV airtime to boast to the taxpayer how GM has paid back its debt (+ interest) in full. When is he going go public and restore the collateral financial damages caused to all the public stockholders? Ya know... it's just the American way of doing things; doing business; forgive and forget; forget and bury; Ed Whitacre is counting on it. Hurry John Q. Public, go grab a Malibu.


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  13. #55

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    Default Re: Government Motors

    The new GM will have it's stock offering before the end of the year. They aren't quite ready to do it now. Wait until after the Cruze and the Volt are launched before they sell stock.

    Sometime between August and October. Mark it down. More likely October than August. And the taxpayer will be big winners when they do.

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  15. #56

    Default Re: Government Motors

    I was looking for this thread. Why does everyone forget the billions loaned to GM and then written off, and now focus on this current talk about having paid off the money given to the company? Kinda like the taxpayer funded write down of home mortgage principal. Oh yeah, that's ok with everyone too.

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  17. #57

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    Default Re: Government Motors

    Quote Originally Posted by Warrenlm View Post
    I was looking for this thread. Why does everyone forget the billions loaned to GM and then written off, and now focus on this current talk about having paid off the money given to the company?
    All those billions get repaid when the company stock goes public. The government now owns 61% of GM, and those which you refer to are what purchased that portion of the company. When the USA sells that stock on the open market, it will be repaid and then some.

    GM got a total of $52 billion from the U.S. government and $9.5 billion from the Canadian and Ontario governments as it went through bankruptcy protection last year. At first the entire amount of U.S. aid was considered a loan as the government tried to keep GM from going under and pulling the fragile economy into a depression.
    But during bankruptcy, the U.S. government reduced the loan portion to $6.7 billion and converted the rest to company stock, while the Canadian government held $1.4 billion in loans. Those loans were repaid Tuesday, five years ahead of schedule.
    The automaker hopes to begin repaying the remaining $45.3 billion to the U.S. government and $8.1 billion to Canada via a public stock offering, perhaps later this year. The U.S. government now owns 61 percent of the company and Canada owns roughly 12 percent.

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  19. #58

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    Default Re: Government Motors

    Through March 31 of this year, GM sales overall up 15.6%, even though several brands have now been discontinued, and multiple plants closed and 23,000 workers terminated.

    Attachment 9088

    Three major U.S. assembly plants were closed permanently,
    (Orion, Wilmington, and Spring Hill, TN). Shreveport has discontinued all Hummer production, and is slated for closure as well.

    and nine production lines closed down.

    http://phx.corporate-ir.net/External...xUeXBlPTM=&t=1


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  21. #59

    Default Re: Government Motors

    I think James got caught holding GM stock. I was a sworn GM fan before the bailout. After the watching the automaker's Congressional side show performance and all the rest of GM's sob-a$$ed story... I've reached the conclusion Ed Whitacre and his clan are no better than the thiefs running AIG. GM can stuff that Volt electrical plug... Buy FORD.

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  23. #60

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    Default Re: Government Motors

    Subsidize more, sell more fleet sales (government Malibu's), get those folks who bought 5 months ago to trade up at their 6 month anniversary to a brand new car, open an IPO, throw the 'new GM' stock into the S&P 500 or maybe back into the DJIA and then flood the market with shares to unsuspecting blue hairs along with pension and index funds who will be forced to buy shares as it will be included in it's indexed benchmark.

    After that, Mission Accomplished.


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