03-24-2011, 12:01 PM | #57 |
Hail to the King baby!
Drives: '19 XT4 2.0T & '22 VW Atlas 2.0T Join Date: Dec 2008
Location: Illinois
Posts: 12,174
|
If incentives is the concern, no one mentions that GM a) still has a high % of Full Size Trucks as a percentage of sales, b) has the oldest Full Size Truck of the Big 3 and c) GM has the highest incentives on it's highest volume vehicle.
So if you simply average it, yes, GM has higher incentives. But if you take out FST incentives and compare to Ford.............I think a way more telling story. Check the rebates available on Camaro, Equinox, Terrain, SRX, LaCrosse, Regal and Cruze. Get back to me.
__________________
"Speed, it seems to me, provides the one genuinely modern pleasure." - Aldous Huxley
|
03-24-2011, 12:04 PM | #58 |
Moderator.ca
|
Lets not turn this into a 'which newsies are the least reliable' discussion
__________________
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 |
03-24-2011, 12:06 PM | #59 |
Drives: 12 Boss 302 Join Date: Sep 2009
Location: Grand Rapids, Mi
Posts: 1,369
|
"We lose money on every car, but we make up for it in volume." I think now is a great time to clear inventories. Don't wait untill August and then have to give twice the incentives to move cars that are about to be a year old.
__________________
The biggest mistakes in life come when you know exactly what you are doing.
|
03-24-2011, 01:37 PM | #60 |
Drives: 2005 STi corn fed Join Date: Jul 2008
Location: Colorado
Posts: 2,997
|
Sounds like some analysts with supported opinions. They're not necessarily right, but their concerns are totally legitimate and GM stock is down 5% since IPO and the past two CEO's have known nothing about cars. . . Big Ed even said he didn't know cars. That's the single biggest reason I didn't buy a big chunk of the IPO in Nov.
|
03-24-2011, 01:48 PM | #61 | |
Banned
Drives: 2007 Mustang GT Join Date: Jul 2009
Location: Austin
Posts: 1,148
|
Quote:
"I don't know anything about cars. A business is a business, and I think I can learn about cars. I'm not that old, and I think the business principles are the same." -Ed Whitacre I work in a successful Failure Analysis lab. My boss is a very bright, experienced guy with a Masters Degree in Electrical Engineering. But if you put him in charge of running a failing restaurant chain, I'd bet that the restaurant chain would not be turned around on his watch. |
|
03-24-2011, 01:54 PM | #62 |
Drives: 2005 STi corn fed Join Date: Jul 2008
Location: Colorado
Posts: 2,997
|
Exactly. GM's current vehicles are great, I think we all agree. I realize that most major mechanical and material decisions will be made by engineers or engineering advisors, but to run the world's largest auto manufacturer with no knowledge about cars. . . that scares me. Of course, I could be wrong and we could see GM stock rise in the near term. We'll see.
|
03-24-2011, 03:53 PM | #63 | |
I used to be Dragoneye...
|
Quote:
Things aren't great, but that's why we call it "recovery". GM is doing very well. The author of that article is just trying to start crap... |
|
03-24-2011, 04:18 PM | #64 |
Thread Killer
|
Like how MS lost $150 per sale of the first Xbox when new, run lean now, so you can run fat later.
|
03-24-2011, 04:37 PM | #65 |
Banned
Drives: 2007 Mustang GT Join Date: Jul 2009
Location: Austin
Posts: 1,148
|
The stock price is lower than it was at the IPO. I hardly call that a recovery. And it also says that investors are not seeing the recovery either.
|
03-24-2011, 04:40 PM | #66 | |
I used to be Dragoneye...
|
Quote:
Do you remember what it was at last year? Do you realize they haven't been publically traded for even half a year, yet? Do you see articles like this that aren't telling the whole story?? TIME and PATIENCE....are virtues FAR too many of us have lost. Don't jump the gun -- and lets watch things play out with high hopes...because frankly, negativity gets us nowhere, and none of our opinions matter on the subject unless we're on the board of directors. |
|
03-24-2011, 05:09 PM | #67 | |
Drives: 2005 STi corn fed Join Date: Jul 2008
Location: Colorado
Posts: 2,997
|
Quote:
It sounds like you think you have a better understanding than the analysts and the market as a whole. Damn, I need some stock tips from you. Time and patience mean very little to anyone that held GM stock before bankruptcy. Imo the IPO was just way too high and a bad buy. I could be wrong, but I doubt it. |
|
03-24-2011, 05:13 PM | #68 | |
I used to be Dragoneye...
|
Quote:
GM as a company is in very good shape. The stocks may playout as they will, but that's not my interest...and not the focus of this thread. The OP's article tried to assert that the company was "moving backwards". I think all evidence is to the contrary....but then...who digs more than surface deep nowadays? |
|
03-24-2011, 05:20 PM | #69 | |
Drives: 2005 STi corn fed Join Date: Jul 2008
Location: Colorado
Posts: 2,997
|
Quote:
Like you said before, the company was just recently restructured and it's too soon to make a solid judgement. Some of the assumptions and conclusions made in the article are a bit of a reach as GM sales are rising, but the concern is very real imo. |
|
03-24-2011, 05:27 PM | #70 | |
I used to be Dragoneye...
|
Quote:
As long as they continue to be profitable (which they seem to be), continue to build and sell segment-leading cars and trucks (which they are)...I'm not sure where there's any tangible concern...That's my issue with the whole 'game'. Over the past two years, this company has been to hell and back. They've had all their pieces tossed HIGH into the air...and right now, they're settling back in. The consumer-driven portion of the economy is still hurting, and now with gas prices on the rise...there's even more concern where the personal budget is concerned. I don't think we'll be able to say GM or Chrysler, or even Ford is "out of the woods" for a few years, yet....but from a snapshot perspective? They're doing pretty darn good. |
|
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Headed to the Adirondacks, Advice Please | MG | USA - NY / NJ / PA | 7 | 12-04-2010 02:29 PM |
Spotted 3 Camaros headed down 347 | FastAzz | USA - NY / NJ / PA | 16 | 05-11-2010 02:07 PM |
It's Built and Headed North to Alaska! | AK_Camaro | Camaro Price | Ordering | Tracking | Dealers Discussions | 9 | 03-04-2010 11:51 PM |
Backwards Calipers | CBH | Suspension / Brakes / Chassis | 2 | 12-02-2009 09:41 PM |
Where's this all headed..??? | Scotsman | Off-topic Discussions | 17 | 02-02-2008 09:41 AM |