"I'm loyal to Chevrolet, and, always will be."
GM hasn't been loyal to us and continues not to be loyal to anyone except their inner circle of executives. GM quit being focused on being a leading vehicle manufacturer in the 1980'*, instead focusing on cash flow and using vehicles simply as a tool in their quick turn cash flow game. Made huge short term paper profits over the next 20 years, at the cost of the consumers that loyally bought GM vehicles and the average american who invested in GM stock and bonds. It was and still is a shame.
GM'* current president/CEO is a investment banker; not a true auto guy (unlike the CEO of VW/BMW or Mercedes). Out of BK, GM is back to its old cash flow paper profit tricks. One of the biggest examples of this is GM bought a sub-prime auto lender for 4 BILLION dollars. They bought this sub-prime lender because banks would not make high risk auto loans to GM customers. GM is back selling full size SUVs and the likes to people that can't afford them. GM is able to post a huge paper profit from this, both in the sale of the vehicle and in the auto loan (which GM tacks on a lot of juice fees). What happens is many of the sub prime loans default, and GM repos the SUVs. This drives down the resale value of the SUVs, and screws anyone who bought a GM SUV. A bad cycle. GM should be ashamed of themselves. Instead of investing 4 billion in research, engineering and modern factories, they focused their money and time on how to sell people who, as a group, can't pay for them.
Personally, I wished GM went BK, not bailout. And then the USA put a 15 year ban on imported vehicles. VW, BMW, Mercedes and many others would of been in Michigan and other states buying every shut down GM plant, would of been great for the economy and we would of got better American made vehicles.
I love my GM vehicles, but they have made me a mechanic on the side keeping them running. I do not love the leadership of GM in the past or the present.
2001 Bonneville SSEi, 219,000 miles.
Whats in my driveway:
1998 Chevy S10 4x4 ZR2, 1999 Olds Bravada, 2001 Pontiac Bonneville SSEi, 2007 Ford F-350 regular cab 2WD, 2008 BMW 335i coupe (Wife'* replacement for her Bonneville). The Bonneville is my favorite of all the cars in the driveway.