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Started By
Message
GM down over 20% today, is it official done?
Posted on 3/6/09 at 10:14 am
Posted on 3/6/09 at 10:14 am
will there be a 2nd bailout?
4
Posted on 3/6/09 at 10:30 am to TigerintheNO
quote:
will there be a 2nd bailout?
I certainly hope not. Might as well have wiped our asses with the money given the first time around. I hope, in this case especially, the government will let the market work itself out and reallocate the labor and resources efficiently.
Posted on 3/6/09 at 10:45 am to dutchdanish
GM should be allowed to fail. I can't imagine anyone buying a GM car right now.
There are alternatives to GM cars...Ford and Toyota come to mind.
There are alternatives to GM cars...Ford and Toyota come to mind.
Posted on 3/6/09 at 10:48 am to TigerintheNO
doubtful on the bailout. They have far more pressing needs.
Posted on 3/6/09 at 10:55 am to Chicken
quote:
There are alternatives to GM cars...Ford and Toyota come to mind.
I bought a used BMW for cheaper than a new GM would cost me. I'm happier with that decision every day.
quote:
I can't imagine anyone buying a GM car right now.
Yeah me neither. But apparently some people feel that buying American is somehow patriotic.
LINK
Posted on 3/6/09 at 10:56 am to Powerman
I'd be MORE willing to buy a GM car if they filed and tore up all of the union contracts.
Posted on 3/6/09 at 10:59 am to Powerman
quote:
But apparently some people feel that buying American is somehow patriotic.
That explains why my Tundra was made in Princeton, IN (body) and Huntsville, AL (engine).
Posted on 3/6/09 at 11:07 am to Golfer
I just bought a GM truck. The imports can't compete with American 3/4 and 1 ton trucks. Hopefully I can still get parts for my new 2008 2500HD, diesel, crew cab, 4x4. I do think they should be allowed to file bankruptcy but to argue that you have better choices is silly. None of the imports can compete with the big three when it comes to heavy duty trucks.
Posted on 3/6/09 at 11:09 am to bayoudude
What % of the US needs a heavy duty truck?
Posted on 3/6/09 at 11:16 am to DrFeelgood92
Maybe very few of the population need one. But try running a business that has anything to do with home construction,oil field/marine fabrication, lawn care etc.. without one. Also anyone pulling a decent size RV like myself.
Posted on 3/6/09 at 11:24 am to DrFeelgood92
quote:
What % of the US needs a heavy duty truck?
Way more larger than you think.
Pretty much almost all of the flyover states.
Posted on 3/6/09 at 11:36 am to Meauxjeaux
quote:
Way more larger than you think.
Pretty much almost all of the flyover states.
You think this because you're a contractor, so everyone you know needs a heavy duty truck. But I know dudes who drive their big trucks to their jobs at banks and high schools, and never actually haul anything at all.
Posted on 3/6/09 at 11:42 am to Meauxjeaux
what % of SALES (units or dollars, you choose) do the heavy duty trucks represent for GM, Ford, and Chrysler?
I'd suspect Chrysler/Dodge has the highest %.
For the record, I needed one of these trucks last year for my Colorado spread. I could have paid cash for a new one, but opted (since I like keeping my money) to buy a 10 yr old Dodge 3/4 ton diesel for $9K.
I'd suspect Chrysler/Dodge has the highest %.
For the record, I needed one of these trucks last year for my Colorado spread. I could have paid cash for a new one, but opted (since I like keeping my money) to buy a 10 yr old Dodge 3/4 ton diesel for $9K.
Posted on 3/6/09 at 11:45 am to Cold Cous Cous
Actually I think that because a very large number of people live in rural areas and a truck can be almost a must have in rural areas.
Posted on 3/6/09 at 11:48 am to Meauxjeaux
quote:
a truck can be almost a must have in rural areas.
Agreed, but there's a difference between "a truck" and a "heavy duty truck." Toyota makes fine light trucks. Its the F-250 and above that they can't really compete with.
Posted on 3/6/09 at 11:53 am to Colonel Hapablap
quote:
I'd be MORE willing to buy a GM car if they filed and tore up all of the union contracts.
+1
If GM was free from the Union hand cuffs they could be viable.
Posted on 3/6/09 at 11:59 am to Cash
The money the union workers get to screw a dashboard in a car is crazy. 90K to slap a rearview mirror on a truck? Plus free healthcare for life and full pay when the plant is shut down, and retirement pay. No wonder they are on life support.
Posted on 3/6/09 at 12:00 pm to Cash
Even some BMW's are manufactured in the USA. I wonder what % cars sold in the US by foreign car makers are actually manufactured outside of the US.
Granted, many of their parts come from outside the US...perhaps that will change as GM parts providers might see a chance to provide parts to Toyotas and BMWs & Mercedes manufactured in the US.
The fact of the matter is that more people are now realizing that it makes sense to buy used versus new. This is smart for the car buyers, bad for the car makers.
Granted, many of their parts come from outside the US...perhaps that will change as GM parts providers might see a chance to provide parts to Toyotas and BMWs & Mercedes manufactured in the US.
The fact of the matter is that more people are now realizing that it makes sense to buy used versus new. This is smart for the car buyers, bad for the car makers.
Posted on 3/6/09 at 12:19 pm to Chicken
If GM would seriously cut back on their production line and focus primarily on Trucks and SUV's with just a few cars they would be much better off. GM trucks are awesome, their cars suck arse.
Posted on 3/6/09 at 12:23 pm to Chicken
quote:They started making cars that held up too well. My dad tells me that back in the 70s you simply couldn't expect a vehicle to hit 100,000 miles and still run well. Now we take it as a matter of course.
The fact of the matter is that more people are now realizing that it makes sense to buy used versus new.
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