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14 years ago
DUH! Get real, do you think the TOTAL number of vehicles and the TOTAL number of manufactures has been stagnant for the past 40 years, let alone from 1908 when less than 30,000 cars were sold, Even today in BO,s bad economy, the market it is still over 11,000,000
What a buyer chose to buy is indeed indicative of their opinion of which THEY believe is the better vehicle for them.
2007 was the year when the highest number vehicles ever were sold in the US and GM sold more that year, when it "share" of that market was lower, than it did back when it had nearly 50% of the market.Even today, while the market went down by around 9,000,000 vehicles annually, GM is still selling more than any other, and you beloved Toyota at less than 15% still third behind Ford.
Market share. They are losing market share. That means they are dying a slow and painful death. If their stuff was so great, they'd still have that
41% market share. Your second paragraph show exactly why they are losing. Buyers choose what they believe is better and that is less and less a GM car or truck.As for Toyota, they are not beloved to me. Never owned one, no plans to buy one in the future. I don't give a damn what happens to them.
I happen to like the new Buick LaCrosse, but I don't trust GM enough to buy one. I bet it would be a nice car for a year or two; then it starts to fall apart..
Again, you are so dumb.
Toyota with a much smaller debt say looses blood terms like a mosquito bite.
GM in so much debt it is not fathonable, in blood terms is a person cut right through the neck jugulars and all, like a gusher.
And the effects will be the same.
Mike Hunter wrote:
Exactly right, but there is a trend you do not seem to see. More and more people are selecting GM less than ever before. Why do you keep ignoring the fact that GM is on the decline in market share and is losing money? That is just not a good business position no matter if the quality of the car is good or bad. It means they eventually go out of business unless corrected. Used to be that 41% of the buyer preferred GM, now only 19% prefer them. At the rate of decline it will soon be 10%, then 5%, then 0%. Kaput!
Obviously you were not an Economics major, if that is what you think about growing/declining markets and ones share of that market. When it comes to total market no matter the number, the one that sells the most, logic says is the one that largest number of buyers prefer, period. All the others, not so much, whether you would prefer to buy one or not in immaterial LOL
Once aging you have chosen to comment on a subject of which you obviously have little of no knowledge.
As long as one can service their debt, it is not a problem. One may have a $100,000 or $100,000 000 mortgage, but one does not have a "DEBT" problem as long as you can easily pay the monthly cost of amortizing the mortgage, dummy.
The difference between the NEW GM and Toyota is, GM must pay back the money they received from its government with interest, as well as pay US Corporate Tax on the profits it earns in the US, and Toyota does not need to pay back the money it gets from its government.
In adding Toyota will continue to get money from the Japanese government, as it has ever since WWII, as long as it brings back the US Corporate Tax free profits it earns in the US, to Japan
Are you really that slow witted or just trying to appear slow?
Get back to me when GM is gone, as it will be on the current path.
Just wish I could short the GM stock. But it would be like shorting the government. Can you short the government? I wish I could.
GM is losing money, losing market share, losing customer faith, losing brand image by being a giant welcher and leach on society.
So how long do you think GM will be around? Tell this group, how long? Because I plan on holding your sorry ass to it. For 15 days after GM goes belly up for the last time, I want to post your response.
As this is the second time, you said last year GM wasn't going bankrupt, well it did.
Well it is going to really go banktupt in the next 4 to 40 months. Obama is having to take a good hard look right about now on what parts of America are worth saving. And I doubt GM tops the list this time.
Mike Hunter wrote:
DUH As I said once aging you have chosen to comment on a subject of which you obviously have little of no knowledge.
There are no GM shares to buy today, dummy. Regardless of you personal opinion, as long as GM can service their debt it is not a problem, and the NEW GM is not having any problem doing so thus far.
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