Both GM and Honda sales fell in Feb. What was the response of each
Honda: Our second best selling model, the civic, is an old design now
and no longer competitive, we will redesign it for next year.
GM: It was cold and snowing thus sales were down (although
Toyota/Nissan seemed to do quite well). We are hopeing this global
warming thing takes off soon so it doesn't snow anymore and our sales
will go up.
Which company would you invest in? Ever wonder why toyota/honda/nissan
are kicking GM and Ford to the trash?
GM's Unpublished Response To Slow Sales : Too many guys like harryface
just sitting on his money & not spending it on cars every four years.
Dats right !
; - )
1991 Pontiac Bonneville LE
3800 V6 ( C ), Black/Slate Grey
_~_~_~299, 999 miles_~_~_
~~~The Former Fleet ~~~
89 Cavalier Z 24 convertible
78 Holiday 88 coupe
68 LeSabre convertible
73 Impala sedan
That and a lot of the design crew are women so that means sh*tty designs
and dinky interiors. No room for Harry Face's 55 gallon hick cowboy hat!
-1971 Trans Am - 455 H.O. - M21 4speed - Cameo white/blue stripe-
-1973 Trans Am - 455 - TH400 auto - Buccaneer red-
-1984 Trans Am - 5.0 L - TH700R4 auto - Royal blue/silver aero-
Sales of both GM and Ford individually, in cars and trucks, far
exceed those of Toyota Honda and Nissan COMBINED in cars and
trucks, let alone in individual sales of each brand in cars and
trucks. Get real
It seems you are the one missing the point. You comment is an
attempt to denigrate GM in a GM, NG but you premise is flawed.
GM market share is indeed dropping but the fact remains the
market is growing, and GM is not loosing total annual sales. It
is only doping in it share of the ever growing market and the
every growing number of players in the market. The fact you are
overlooking is GM is selling MORE cars and truck annually than at
anytime in the history of GM, period. No other manufacture, with
the exception of Ford, even if their sales number are increasing,
and/or their share of the market is increasing, sells anything
near the number of vehicles annually, as does GM. The largest
share held by ANY import brand, Toyota, is just over 10%. That
is less than 1/3 of GM share. In fact GM sells more trucks than
Ford in the US, than all Toyotas divisions sells both cars and
trucks combined in the US.
Iron, that is absolute bullshit! Do you not read the news? Turn on the TV?
GM Canada just announced a $2.5B investment in its Canadian plants two days
ago. This is the biggest automotive investment in Canadian history. GM is
spending a lot of the money over in Oshawa on a major retooling, a new paint
shop, environmental upgrades, energy-related projects and training at the
Oshawa plants. The Feds and Province are kicking in just under $ 400Million
in acknowledgement of GM's massive investment. Governments do that Iron!
It's called creating jobs! Iron, did you not get that news on your SuperNews
service? You embarrass yourself Iron!
For the record, GM simultaneously announced a major grant (I believe it was
$ 50Million) to the Engineering Dept. at McMaster University in Hamilton.
The figures in my post are completely accurate as published in
'Automotive News' You are free to to believe whatever you wish,
but when the monthly sales figures are released they are NOT year
to date. The comparison is to the same month last year.
I would suggest you do some research, on a subject of which you
apparently have little knowledge, before you chose to post your
opinion on that subject.
"James C. Reeves" wrote:
It is sad, but GM today does not have a single four door automobile on the
market which can reasonably claim to be best-in-class.
I sure am glad that I finally sold that last of my GM stock early last year.
What a disappointment this one time leading company has become.
Your absolutely right about GM, thats why today it's stock price closed
at the lowest in 1 year.
Is this why Toyota is worth FIVE times what GM is? And doesn't Toytoa
make 3 to 4 times as much profit as GM does?
And even in total number of cars, GM is falling. It's gone down by
300,000 TOTAL cars in the past few years (NOT just market share).
Oh, yes, GM produces the most reliable cars in the world.
I was not commenting on who earns the most money, indeed Toyota
does. Toyota has the advantage of making the majority of its
vehicles and parts in low wage countries. They also have the
advantage of merely assembling vehicle in the US, in low wage
states with employees that receive fewer benefits and less
desirable pensions while assembling the vehicles of mostly lower
cost imported parts, even though toyotas vehicles sell at 20% to
30% more than the comparable sized and equipped competitors
vehicles. Furthermore Toyota does not pay a penny in US federal
corporate income taxes. GM and Ford on the other hand pay
millions in US federal corporate taxes. I was simply replying
with the facts on your incorrect comments on GM sale numbers.
Once again I must correct you statement. You chose to refer to
sales of cars but neglect the fact that the market increases over
the past ten years has been in millions of trucks, not cars.
Although they may sell fewer cars now, in total numbers of car
and truck GM as well as Ford their sales are up, not down. GM
and Ford sell more trucks alone than Toyota sells cars and trucks
combined. By the way unless one is a Japanese citizen, you can
not buy direct shares issued by a Japanese corporation.
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