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Thread: Government Motors

  1. #301

    Default Re: Government Motors

    Eh, what's another billion? We'll just raise taxes.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

  2.  
  3. #302

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    Default Re: Government Motors

    Quote Originally Posted by James48843 View Post
    Hey- I wish them all the luck in the world. So far you cannot buy one.

    but that's ok.

    The last time somebody tried that particular idea, they did pretty good for a couple years.
    Owosso Motor Car Company....1989


    In fact, they ended up building almost 360 of them before going bankrupt.
    http://www.autocycles.org/index.html


    There is a benefit to having three wheels-
    By not having four wheels in contact with the ground, they avoid having to meet crash test standards for automobiles.
    That saves a lot of money in the design if you don't mind of anyone gets killed.


    Have you ordered yours yet?
    thanks for the laugh!
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

  4.  
  5. #303

    Default Re: Government Motors

    So the news is that executives have all been cleared by the internal investigation into the faulty ignition switch.

    A fall-guy engineer and selected other engineers and lawyers have been selected for dismissal and pin-the-tail-on-the-donkey.

    Once again executives are shown to be not responsible for the errors or misdeeds of their organizations, except for getting bruised egos. It used to be, when kids had to walk to school, through snow, uphill both ways, that ship captains were held responsible for everything on their ships. If it was sliced in half by a carrier while the captain slept in his seabed behind the bridge, he was responsible, and paid. If it ran aground while he ate in the wardroom, he was responsible.

    Now, unless the executive actually placed the finger on the trigger, he/she is not responsible. Not responsible for knowing what was going on. Not responsible for selecting and overseeing personnel. Not responsible for proper timely oversight of decisions taken on his/her behalf. Not responsible for egregious acts committed by multiple people that should have become known and aired. Not responsible for anything other than making profit, getting bonuses, getting status and stature. Nice.

  6.  
  7. #304

    Join Date
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    Default Re: Government Motors

    Quote Originally Posted by Warrenlm View Post
    So the news is that executives have all been cleared by the internal investigation into the faulty ignition switch.

    A fall-guy engineer and selected other engineers and lawyers have been selected for dismissal and pin-the-tail-on-the-donkey.

    Once again executives are shown to be not responsible for the errors or misdeeds of their organizations, except for getting bruised egos. It used to be, when kids had to walk to school, through snow, uphill both ways, that ship captains were held responsible for everything on their ships. If it was sliced in half by a carrier while the captain slept in his seabed behind the bridge, he was responsible, and paid. If it ran aground while he ate in the wardroom, he was responsible.

    Now, unless the executive actually placed the finger on the trigger, he/she is not responsible. Not responsible for knowing what was going on. Not responsible for selecting and overseeing personnel. Not responsible for proper timely oversight of decisions taken on his/her behalf. Not responsible for egregious acts committed by multiple people that should have become known and aired. Not responsible for anything other than making profit, getting bonuses, getting status and stature. Nice.
    Very true.

    It is a sad state of affairs for sure. Money IS power

    This is also true in Govt agencies. Managers / Line officers can deflect liability pretty easy. So can politicians.

  8.  
  9. #305

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    Default Re: Government Motors

    Which one of you nuts has got any guts? -- Randle P. McMurphy
    ... stupidity will always find a way. -- Nnuut

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  11. #306

    Default Re: Government Motors

    My feeling is, GM is not long for this industry much more...Dump your stocks!


  12.  
  13. #307

    Join Date
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    Default Re: Government Motors

    GM announces major success last month. Overall sales up over 6%, and the most profitable- Trucks and SUV's up even more.

    GM Posts Its Best November U.S. Sales Since 2007


    􀁸 Best November ever for Chevrolet Spark, Cruze and Equinox
    􀁸 Best November for GMC since 2001
    􀁸 Best November for Buick since 2003


    DETROIT – General Motors Co. (NYSE: GM) dealers in the United States delivered
    225,818 vehicles last month for the company’s best November sales in seven years.
    Total sales were up 6 percent compared to a year ago, retail sales were up 5 percent
    and fleet deliveries were up 11 percent.


    GM estimates that the seasonally adjusted annual selling rate (SAAR) for light
    vehicles in November was 17.1 million, the highest November SAAR since 2003.
    Calendar year to date, the SAAR is 16.5 million units, which is the upper end of the
    16.0 million – 16.5 million range GM forecasted at the beginning of the year.


    Demand in November was robust for everything from smaller cars and crossovers to
    big trucks – all segments where GM is strong. The Buick brand had its best
    November since 2003. GMC had its best November since 2001, and the GMC Sierra
    had its best November sales ever.


    At Chevrolet, the Spark, Cruze and Equinox also had their best November sales ever,
    Silverado had its best November since 2006 and Traverse had its best November
    since 2010.


    “The buzz around Black Friday helped drive strong showroom traffic but there was a
    lot more at work in the market,” said Kurt McNeil, U.S. vice president of Sales
    Operations. “More people have jobs and job security, their wages are starting to
    increase, household wealth is growing and low pump prices look like they’re here to
    stay through 2015. All of this helped deliver an exceptional month and it will help
    keep auto sales at very healthy levels going forward.”



    Additional November Highlights (vs. 2013 except as noted)


    Chevrolet:
    􀁸 The Cruze was up 26 percent, Spark was up 64 percent, Sonic was up
    3 percent.


    􀁸 Silverado was up 24 percent, Tahoe was up 10 percent and Traverse was up
    14 percent.


    􀁸 Dealers delivered 2,366 all-new Colorados, ahead of plan, with a low retail
    days supply of 21 days.


    2
    GMC:


    􀁸 GMC was up 23 percent.


    􀁸 The Sierra was up 57 percent and the Yukon was up 14 percent.


    􀁸 The Terrain was up 13 percent and 854 all-new Canyons were delivered,

    which is ahead of plan.



    Buick:
    􀁸 Buick was up 27 percent.
    􀁸 Encore had a 72 percent sales increase, LaCrosse was up 71 percent and
    Verano was up 22 percent.


    Cadillac:
    􀁸 Cadillac Escalade deliveries were up 75 percent, with the retail days supply
    very tight at 16 days.
    􀁸 Sales of the CTS sedan increased 18 percent.




    Average Transaction Prices (ATPs):
    􀁸 GM has now posted 26 consecutive months of year-over-year average
    transaction price (ATP) increases on the strength of new pickup trucks, SUVs
    and Cadillacs.
    􀁸 ATPs were a record $35,600, according to J.D. Power PIN mid-month estimates,
    up $790 per unit compared to October and up $3,100 versus a year ago.



    Incentives:


    􀁸 Month over month, GM reduced incentive spending as a percentage of ATPs more
    than the industry average, according to PIN mid-month estimates, and the
    company has had the lowest incentives of all domestic automakers on an ATP
    basis in nine of the last 11 months.
    􀁸 GM’s November incentive spending as a percentage of ATPs was 10.4 percent,
    down 1.2 points month over month, while industry average spending was
    9.6 percent of ATP, down 0.1 points.
    􀁸 In November 2013, GM’s incentive spending was 10.2 percent of ATP, and
    the industry average was 9.7 percent.



    Fleet and Commercial:
    􀁸 Fleet sales were up 11 percent.
    􀁸 Commercial sales were up 1 percent, marking the 13th consecutive month
    of year-over-year growth.
    􀁸 Large SUV commercial fleet sales were up 87 percent and full-size pickup
    commercial sales were up 47 percent.
    3
    General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the
    company has leadership positions in the world's largest and fastest-growing automotive markets. GM, its
    subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden,
    Jiefang, Opel, Vauxhall and Wuling brands. More information on the company and its subsidiaries, including
    OnStar, a global leader in vehicle safety, security and information services, can be found at
    General Motors | Official Global Site | GM.com
    Sales figures here:
    General Motors | Investors - Sales | GM.com

  14.  
  15. #308

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    Default Re: Government Motors

    Autos getting hit on chip shortage. Ford announced it plans only half the amount of production in Q2 thanks to chip shortage. Does that mean layoffs when the plants are idle?

    GM looking bearish here. H&S forming.

    GM334.png

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