02-12-2008, 04:11 PM | #1 |
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Posts: 65
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GM's down for another quater!
Looks like GM posted another quater with a loss. They are now offering buyouts to help cut overhead costs. Will this effect the price of the camaro? Toyota looks like they will be #1 sometime in 08. Any thoughts if GM will cut some of the production lines down and come up with a more standard line of cars?
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02-12-2008, 04:28 PM | #2 |
Miller High Life
Drives: 2021 Camaro LT1, 2017 Colorado Z71 Join Date: Feb 2008
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Posts: 1,199
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I hate to say it, but the thing that is killing GM is they need an affordable Hybrid. Toyota is killing everyone with their hybrids. If they were to build an hybrid Equinox and a hybrid the size of the Cobalt they would sell tons. I know they are building a hybrid Tahoe and Silverado, but who can really afford them?
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02-12-2008, 04:30 PM | #3 |
Kept the Faith
Drives: '10 Camaro 2SS/RS CGM Join Date: May 2007
Location: Jacksonville, FL
Posts: 721
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I think one of their biggest hopes to salvage their sales is the Camaro and that will require the tried and true formula that Mustang is still using: lots of cheap V6's and more expensive/fewer V8's.
In order for the Camaro to survive it'll have to be a high-volume product (as has been stated plenty of times before) and for that to work it'll have to be priced very competitively. GM isn't really known for the expensive, low-volume cars (like Porsche, BMW, Ferrari, etc) so they'll play to their strength. In short I doubt it'll have much influence on the overall price of the Camaro, but that's just my $.02.
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02-12-2008, 04:57 PM | #4 | |
I used to be Dragoneye...
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I think this is a GREAT time to post this up. GM's not as bad as it seems...you see, media outlets don't EVER tell the WHOLE story. So check this out, Mr. Bob Lutz clears the air:
(found on the GM Fastlane blog) Quote:
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02-12-2008, 05:10 PM | #5 |
Kept the Faith
Drives: '10 Camaro 2SS/RS CGM Join Date: May 2007
Location: Jacksonville, FL
Posts: 721
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Wow, excellent article Dragon...really helps clear up a lot of the US-car bashing that goes on in the media.
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02-12-2008, 08:35 PM | #6 | |
I used to be Dragoneye...
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Quote:
"When the sky falls - I just want to be one of the people holding it up." ~Dragoneye |
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02-12-2008, 08:48 PM | #7 |
Moderator.ca
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Their massive losses are mostly from that thing in the fall. They posted profits in just about all of their other markets and had greater total sales this past year than in 2006. http://www.reportonbusiness.com/serv...080212.wgm0212
In fact, if it weren't for the lost tax credits and such, they would have probably turned a profit. Most, if not all, of the money that was lost wasn't real, even though it looks massive. 2007 was a so so year for GM, in my mind. 2008 will see a large number of sales of the Malibu, CTS, continued sales of their crossovers, the G8, and so on. Nearly every brand new vehicle the GM has released in the last year is kicking ass. 2008 will reap those benefits that begun in the fall. And in 2009 the Camaro will hit showroom floors.
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__________________ Originally Posted by FbodFather My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors...... ........and HE WOULD KNOW!!!!__________________ Camaro Fest sub-forum |
02-12-2008, 10:30 PM | #8 |
Drives: 2006 Cobalt, 2004 Taurus wagon Join Date: Oct 2007
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Yup, this whole loss thing is really overblown by the media. Yes, the third quarter loss was a loss, but it doesn't reflect on operations. It really was a special item. And the sales gain in January is impressive, considering it was made while reducing fleet sales and while consumer expenditures are weak. Obviously that gain was helped by the Malibu, CTS, and Enclave, and it shows just how good these new products really are. If GM can stop blaming CAFE and using it as an excuse to go back to the bad old days, GM should do alright.
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02-13-2008, 04:51 PM | #9 |
Drives: Jeep Grand Cherokee Join Date: Aug 2007
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Time will tell. I am 90% sure Toyota will pass GM and be the #1 automaker in the US.
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02-13-2008, 06:14 PM | #10 |
Insane Assylum Escapee
Drives: 1998 Camry Join Date: Jan 2008
Location: Las Vegas, NV
Posts: 198
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I thought Toyota already held that distinction?
Also, why is it that big of a surprise that GM is down for a quarter? Virtually every single other company is down as we are on the brink of a recession as I hear (which wouldn't affect Toyota as much with their global market) so... whoopie? |
02-13-2008, 07:09 PM | #11 | |
I used to be Dragoneye...
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Quote:
Time will tell for next year, but the chances are neither in their favor, nor against as far as I can tell. GM's overall sales have, in fact, decreased - but that is due mostly to the reduction in rental fleets. Their retail sales have increased more than 50% on some cars!!! And just an FYI, both GM and Toyota have a 9+ million vehicle gobal market, so.... |
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02-13-2008, 08:03 PM | #12 | |
Moderator.ca
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Quote:
__________________
Note, if I've gotten any facts wrong in the above, just ignore any points I made with them
__________________ Originally Posted by FbodFather My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors...... ........and HE WOULD KNOW!!!!__________________ Camaro Fest sub-forum |
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02-14-2008, 12:35 AM | #13 |
Insane Assylum Escapee
Drives: 1998 Camry Join Date: Jan 2008
Location: Las Vegas, NV
Posts: 198
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Ah didn't realize GM had THAT heavy of an international influence in the market. Still, home base is here and with the economy going the way it is, still makes sense?
Maybe that thing with Toyota was the overall world market? I remember a big article on something with Toyota dethroning something for the first time in history somewhere |
02-14-2008, 12:52 AM | #14 |
Drives: 2006 Cobalt, 2004 Taurus wagon Join Date: Oct 2007
Location: California
Posts: 3,812
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Hmm, thought I posted this, but it must not have gone through: I personally think being #2 is good for GM. It takes the pressure of keeping the numbers crown off and lets them focus on the real task at hand. Pursuing the #1 spot has done bad things to Toyota. I'll take quality over quantity, and if the product is good, the sales will follow.
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