Re: Is this Toyota quality??

But then, he'd want to get every dime that was invested i GM back, and would probably place a fee on all car dealers to get it back.

Reply to
Hachiroku
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Where did you get the idea that GM losing money on every car we sell? You do not seem to know much about the cost of doing business. Perhaps you are confusing build costs with the cost to doing business. The fact is GM makes money on every vehicle it sells. The COST has been spending billions to restructure and to revamp and develop the latest in electric vehicle technology. That is why they are currently not showing a profit

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Reply to
Mike Hunter

Once again our friend Canuck57 is telling us the sky is falling LOL

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Reply to
Mike Hunter

Once again our friend Canuck57 is telling us the sky is falling LOL

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Reply to
Mike Hunter

Then this is fairly recent, because the last review I saw showed that GM was losing money selling cars, but making it up on financials.

In fact the REASON GM had to be bailed out wsasn't because of losing money selling cars (which they were) but because the Financial arm started losing money as well, led by losses at Ditech.

The "we lose money on every car we sell..." was an old joke. Or was it?

All through the 90's Gm was, in fact losing money on car sales. Only the Financial division was keeping it afloat. Well documented many, many times in the WSJ.

Reply to
Hachiroku

Actually, nobody dumped anybody. GM cancelled Pontiac. The Vibe was a Pontiac. With the end of Pontiac there was no longer a Pontiac Vibe to be built. The car was not sold under any other GM brand.

Reply to
clare

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To a Japanese design.

Reply to
clare

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>>> They're made on the same ass'y line in Cambridge, ONT.>>>>

Or American Design. Toyota designs cars in the US, too.

Reply to
dr_jeff

That is almost right. It was made by the NUMMI facility, which GM dumped and Toyota decided not to continue. The Vibe was a sister of the Toyota Voltz that was a Japanese failure.

Reply to
hls

Toyota pulled out of NUMMI after GM suggested something, I can't recall now, but it was something similar to Democrats trying the same thing over and over and expecting a different result, and Toyota said, "ENOUGH!!!"

Reply to
Hachiroku

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Sorry, American made by an American corporation assembed in a CAW union plant in Ontario. Put in the vehicle by American UAW in California.

Japanese wouldn't import the crap I suspect.

Reply to
Canuck57

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>>>> They're made on the same ass'y line in Cambridge, ONT.>>>>>

And the Japanese versions aren't having any trouble.

Reply to
Hachiroku

Nope, just GM and Chrysler ones. Squeeze the bastards so tight until it is paid off or they quit.

Reply to
Canuck57

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Reply to
Canuck57

Haven't been paying attention, have we? ;)

He wants to get "every dime back from the money we loaned the banks", so he is levying fees...on ALL banks! (or he wants to, anyway). Guess who will be paying those fees? (HINT: It ain't the banks!)

I think he has a calendar on his desk, like the saying of the day or the cartoon of the day, but his is the "New Tax of the Day".

Reply to
Hachiroku

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There was the Toyota Voltz, which was a Pontiac Vibe/Toyota Matrix that was rebadged for sale in Japan. It sold poorly, around 10,000.

Jeff

Reply to
dr_jeff

He is right. It cost the American tax payers $60,000 USD for each GM sold in the US in 2009.

What about that do you not understand?

And you don't even own a GM because you know they are over priced crap.

And GM isn't making money, oh ya, some of their operations did once you strip out management costs and a hoard of other things like engineering and delivery to the custom and finance losses. When you add it up, GM is still losing money left and right.

Then their is the government finance arm of GM, GMAC, getting another taxpayer-debt infusion for all the bad loans they issue to GM buyers that no one else will touch. Bad and no credit comes to mind. Want a GM and bad credit, no problem. Go to GMAC, we lend to those that will no pay.

This is just Obama-democrate voodoo ec> Where did you get the idea that GM losing money on every car we sell? You

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Reply to
Canuck57

You have to look at it from Toyota's perspective. UAW plant in expensive California.... Just the overhead in dealing with California government greed and complexity would need a small army of accountants, legal, HR and others to keep it going. Why not just close it? Excess capacity and make them elsewhere.

Good cost cutting move. Stupid place to put a auto manufacturing plant in anyway. Probably was subsidized by California government at one time before they went broke.

Reply to
Canuck57

It was discussed on the group some time ago. IIRC, GM pulled out related to the cost cutting times around the bankruptcy. The plant had always been a disaster, too expensive. Toyota had no reason to continue to use this plant with Pontiac gone and no Vibe to make. The high cost of California did this one it.

Reply to
hls

The sooner socialist politicians realize that crippling taxes cost jobs, the better we'll be for it.

Reply to
Conscience

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