Another dagger in GM
- Thread starter Alan
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Citation, please. I'm really curious to know who (besides CR) is studying problems of 8-year-old cars.
[ March 19, 2006, 05:40 PM: Message edited by: brianl703 ]
I don't remember what you said it would be.
It wasn't the approx $12 billion that someone stated ($4/billion per quarter for 4 quarters).
i no more believe the story nor do i beleive consumers reports always been a very bias publications..our american cars are far better then any japaneese vehicles...
By the way, GM lost $23.5 billion in 1992.
A dollar was worth a wee bit more back then, too (contrary to what those who say that we have no inflation because "look, DVD players are cheaper now than they were three years ago" would have you believe).
A dollar was worth a wee bit more back then, too (contrary to what those who say that we have no inflation because "look, DVD players are cheaper now than they were three years ago" would have you believe).
I'm sorry, BoxcarToommie22, I respect your opinions, and as a vet, I honor you, but you're wrong.
Look at the "time to sale" numbers and go by the lots - they're correct.
Anyway, if you don't believe it, that's OK - someone has to buy an American car, and I guess it's you.
Scott
Are you going to cite the source of that study or not? (It's OK if it's CR
)
I heard it on the AM radio news yesterday (KFI 640, LA) but I don't recall the source. I will attempt to look for it.
Scott
I would NOT post twice and be referencing the same study (certainly not on purpose)quote:
Originally posted by brianl703:
Are you going to cite the source of that study or not? (It's OK if it's CR)
They didn't mention CR, so I got the impression that it was someone else.
Scott
I'll see what I can find on Google news.
EDIT: Nothing relevant found with any combination of "domestic" and "asian" and "cars". I also tried "domestic" and "japanese", nothing.
EDIT: Nothing relevant found with any combination of "domestic" and "asian" and "cars". I also tried "domestic" and "japanese", nothing.
Auto-Union wrote "Again, who cares if it "lasts" when it is fully a miserable ride, bumper-to-bumper?" Miserable ride my rear! I'll have you know that my '93 has all the options offered for that model except power seats and they all still work. How many '93 Civics can claim that? Style,sure it is out of date by todays standards. But what about the style represented by solid value, nothing in it's price range would have lasted as long or have been as reliable IMHO. How many of you U.S. auto bashers have driven/test driven a domestic brand auto lately? I have tested the import brand competition on two out of the last three new car purchases. I was not impressed. And please anyone don't accuse me of not being "enlightened" or "less educated". My profession demands enlightenment and education on a constant ever increasing basis. And remember timing belts,what a joke that was. Honda finally wised up a few years ago on that one. does anyone except the Koreans still use timing belts? Toyota and the sludge monster from hades? Toyota tried to cover that one up didn't they? First blaming the problem on shoddy maintenance. Then finally admitting no responsiability and extending engine warranties to hold off the lynch mob waiting for them. This in the face of in warranty engine failures from vehicles maintained on schedule by Toyata dealerships. I still remember when "made in Japan" was a world class joke. Still is to me. Regards Rickey.
I think Carlos Ghosn, CEO of Nissan / Renault said it best: GM's problems are not insurmountable. The key to having a successful car company is: you must produce high quality, desireable cars that sell well, at a profit. If your cars sell well at a profit then things like brand management& brand loyalty fall automatically into place without any effort on the companys part - the satisfied customer takes care of all that. GM is typical of a company that has gotten so big it can't maneuver fast enough to keep up with todays swift moving markets. While GM's union costs aren't helping the situation, the fact remains that if GM had a car line of desireable, high profit fast selling cars that kept all their factories humming 24/7 the unions costs would be a much smaller component of the companys costs. Now all this didn't happen in 2 weeks - it has taken 20 years of ho hum malaise at the top to get GM into the fix they are in. I am afraid it will take several years of drastic reforms to get the behemoth we call GM to become a focused nimble player in the current and future market place. Their corporate structure is so rigid, they may not make it. Sorry for the long post DV
I did. Camry, Corolla, Tundra are the ones with a 70% Domestic content. The GM equivalents are Silverado-90%, Malibu-90%, Cobalt-75%. Tacoma=55%, 4 Runner=5%, Prius=0%, Rav-4=0%. Don't remember what Avalon is but I can assure you the GM equivalent has a higher domestic parts content.
Rickey,
You are looking through rose colored glasses. I rented a Cavalier and it was the worst vehicle I have driven in the past, well since I owned a Cavalier. Terrible vehicle!
You see I don't have to look far to know that GM, Ford, Chrysler are losers. My family has them, friends have them and they are constantly plagued with stupid problems. YES STUPID PROBLEMS! One only has to scan these and other forums and note the issues. My Toyotas have outlasted their BIG 3 vehicles by a 4 to 1 margin. This has enabled me to put cold, hard cash in the bank with my savings while they continue to struggle with their means of transportation.
Whats better to trade in and out of vehicles because of problems or to keep a problem free vehicle for 18 years?
Daily Drives:
-2003 Toyota Tacoma PreRunner,2.7 liter, 4 cylinder, Mobil1 5w30 ODO 26400
-1995 Toyota 4-Runner,3.0 liter,6 cylinder, Mobil1 5w40 tsuv ODO 104600
http://community.webshots.com/user/amkeer
You are looking through rose colored glasses. I rented a Cavalier and it was the worst vehicle I have driven in the past, well since I owned a Cavalier. Terrible vehicle!
You see I don't have to look far to know that GM, Ford, Chrysler are losers. My family has them, friends have them and they are constantly plagued with stupid problems. YES STUPID PROBLEMS! One only has to scan these and other forums and note the issues. My Toyotas have outlasted their BIG 3 vehicles by a 4 to 1 margin. This has enabled me to put cold, hard cash in the bank with my savings while they continue to struggle with their means of transportation.
Whats better to trade in and out of vehicles because of problems or to keep a problem free vehicle for 18 years?
Daily Drives:
-2003 Toyota Tacoma PreRunner,2.7 liter, 4 cylinder, Mobil1 5w30 ODO 26400
-1995 Toyota 4-Runner,3.0 liter,6 cylinder, Mobil1 5w40 tsuv ODO 104600
http://community.webshots.com/user/amkeer
What I think people are really making clear is - We want a vehicle that will last without any problems! So far, in the history of things - Toyota and Honda have done a good job at that.
Currently, I think "Domestic" brands are doing much better. The Chevy Cobalt, Pontiac G6, etc... are much better than the 'over seas' equivalent. I think they are very close.
The Cavalier & Sunfire are very very old designs. ~1998 Sunfires suffered horrible problems that were often very simple problems. By the time Pontiac fixed this in 2003 - the vehicle needed to be retired and a new one put in its place (Solistice). Seems to me that GM is behind - but slowly catching up.
I am seeing a lot of Pontiac G6s & Chevy Cobalts on the road out here in California.
Currently, I think "Domestic" brands are doing much better. The Chevy Cobalt, Pontiac G6, etc... are much better than the 'over seas' equivalent. I think they are very close.
The Cavalier & Sunfire are very very old designs. ~1998 Sunfires suffered horrible problems that were often very simple problems. By the time Pontiac fixed this in 2003 - the vehicle needed to be retired and a new one put in its place (Solistice). Seems to me that GM is behind - but slowly catching up.
I am seeing a lot of Pontiac G6s & Chevy Cobalts on the road out here in California.
A tip for what its worth! You want to see what a company is worth and to judge a winner from a loser!
Closing price of Friday March 17, 2006 of the BIG 3 and Toyota:
General Motors closed at $21.13. Its earnings per share is -5.99.
Ford is $7.81 a share. Its EPS is 1.14 a share and the pe is 6.85.
DaimlerChrysler is $56.87. Its eps is 3.09. The pe is 18.40.
Toyota TM is $108.20. The eps is 6.62 and the pe is 16.34.
Now what would you put your money in if it was your life savings? Ford? Toyota? GM? Chrysler? Don't go with sentiments or brand loyalty just look at the numbers. Whats the choice?
Another tidbit of importance Market Cap:
GM 11.95 billion
Ford 14.01 billion
daimler 57.60 billion
TOYOTA 195.30 billion
Thats called getting smoked!
[ March 19, 2006, 07:11 PM: Message edited by: Amkeer ]
Closing price of Friday March 17, 2006 of the BIG 3 and Toyota:
General Motors closed at $21.13. Its earnings per share is -5.99.
Ford is $7.81 a share. Its EPS is 1.14 a share and the pe is 6.85.
DaimlerChrysler is $56.87. Its eps is 3.09. The pe is 18.40.
Toyota TM is $108.20. The eps is 6.62 and the pe is 16.34.
Now what would you put your money in if it was your life savings? Ford? Toyota? GM? Chrysler? Don't go with sentiments or brand loyalty just look at the numbers. Whats the choice?
Another tidbit of importance Market Cap:
GM 11.95 billion
Ford 14.01 billion
daimler 57.60 billion
TOYOTA 195.30 billion
Thats called getting smoked!
[ March 19, 2006, 07:11 PM: Message edited by: Amkeer ]
Anyone shorted GM stock yet?
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