How long until GM folds?
11-07-2007, 09:27 AM
#11
Junior Member
Join Date: Apr 2006
Location: Purgatory
Posts: 0
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by crash93ssei
My next car, including EVERY one after that, be it a car or truck or whatever will be a GM PERIOD.
No questions asked. When I go out looking at cars, I don't pull into a Ford, Honda, Toyota, Kia etc dealer... I go to a GM dealer.
Call me what you will, I don't care. Say other cars are better, I don't care. I always have and always will be die hard GM.
No questions asked. When I go out looking at cars, I don't pull into a Ford, Honda, Toyota, Kia etc dealer... I go to a GM dealer.
Call me what you will, I don't care. Say other cars are better, I don't care. I always have and always will be die hard GM.
I'm glad I'm not the only loyalist.
11-07-2007, 09:27 AM
#12
Senior Member
True Car Nut
Join Date: Jan 2006
Location: NEBF:06,07 | NYBF:06,07 | ONBF:06,07 | CNBF:06 & more............
Posts: 8,029
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by bonnie94ssei
Originally Posted by bandit
i dont even had to read it... but all i know... if i get a better job.. my next car 80% it will not be a GM, Ford, or Dodge...
im talking if im going to by a brand newish car that is over 30K..
its going to be RWD, V8 (or a really good V6) and so far... no American car company has what i Really want
11-07-2007, 10:17 AM
#13
Senior Member
True Car Nut
Join Date: Aug 2004
Location: In your garage, swipin' da lug nutz
Posts: 3,067
Likes: 0
Received 1 Like
on
1 Post
I'll get burned at the stake for this....
As much as I like my GMs, and yes, the build quality has improved over the years, the resale value has gone down tremendously. Anywhere else, I will get about 15k trade in for my Malibu that I payed 27k for a little over a year ago. I still owe ALOT more than 15k on it. BUT...I know a dealer that will pay the base MSRP of any used car trade-in from 99 to 2006, which puts me right where I need to be to break even.
But....the dealership is Hyundai. And if I go that route, I'm gonna get the Azera. Nothing but positive reviews on that car, esp. the top model, which comes with a 3.8 24 valve V6 with VVT, Infinity sound system with subs, LED tails, and a bunch of other gee-whiz doohickies. And with current incentives added to that, it STILL costs less than the Maxx did when new. AND with a better warranty.
As much as I like my GMs, and yes, the build quality has improved over the years, the resale value has gone down tremendously. Anywhere else, I will get about 15k trade in for my Malibu that I payed 27k for a little over a year ago. I still owe ALOT more than 15k on it. BUT...I know a dealer that will pay the base MSRP of any used car trade-in from 99 to 2006, which puts me right where I need to be to break even.
But....the dealership is Hyundai. And if I go that route, I'm gonna get the Azera. Nothing but positive reviews on that car, esp. the top model, which comes with a 3.8 24 valve V6 with VVT, Infinity sound system with subs, LED tails, and a bunch of other gee-whiz doohickies. And with current incentives added to that, it STILL costs less than the Maxx did when new. AND with a better warranty.
11-07-2007, 10:25 AM
#14
Senior Member
True Car Nut
Join Date: Sep 2006
Location: Bloomington, MN
Posts: 3,693
Likes: 0
Received 0 Likes
on
0 Posts
im going to be a GM fan for the rest of my life, i love em
the only time i plan on owning some other brand will be for a beater, demo derby, or some really nice sports car.
but for daily driver..GM for Life
the only time i plan on owning some other brand will be for a beater, demo derby, or some really nice sports car.
but for daily driver..GM for Life
11-07-2007, 11:29 AM
#16
Senior Member
True Car Nut
Join Date: Apr 2004
Posts: 4,816
Likes: 0
Received 0 Likes
on
0 Posts
The thing is, GM is not going anywhere. It'* too damn big. It would take another couple decades to lose enough money to completely kill that company, and long beforet then, their new programs aimed at universalizing their production is going to kick in, and eventually, the unions are going to realize that if the jobs don't exist, they can't charge dues...
11-07-2007, 12:29 PM
#20
Senior Member
Posts like a Turbo
Thread Starter
Join Date: Nov 2006
Location: Northern WV
Posts: 456
Likes: 0
Received 0 Likes
on
0 Posts
In addition, the company took a huge charge in the quarter, which was related to the writedown of tax credits for losses over the last three years
It'* not just a tax write off. It lowers the overall value of the company. Plus look at what the write off was for. It was not for charges such as new plants or equipment, which theoretically promises future production. The charge was a write down of tax credit for previous losses.. A writedown of the tax credits means that they are now worth significantly less. Losing assets... In other words, they are losing money on losing money.
Not good.
I am ambivalent about GM. I want to buy their cars out of loyalty to the work force, but the management refuses to use even 1% of their collective brain-power. I feel for friends in Michigan, but I can't keep dumping money into cars that shouldn't have problems (e.g. my 2 Grand Prixs and the Grand Am). The Bonnies haven't been that bad, knock wood...