Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





GM News, New Models and Market Share

1346891051

Comments

  • fjm1fjm1 Posts: 137
    I believe the falling value of the U.S. dollar will help GM in a big way and, conversely, hurt the Japanese manufacturers badly. The full effects of the past years devaluation of the dollar have not become fully apparent in the auto industry.

    GM couldn't afford to build good cars in the past. Now they can't afford not to as they will have one good shot at this to turn it all around. The next 5 years are going to see a dramatic upswing in people's perceptions of U.S. made goods.

    The fly in the ointment is the Koreans and soon the Chinese. Labor costs are way low in those countries.
  • 62vetteefp62vetteefp Posts: 6,048
    DETROIT (Reuters) - General Motors today said it terminated a $4.1 billion standby credit agreement with a syndicate of banks, saying it had sufficient liquidity without the borrowing arrangement.

    GM had entered into the credit agreement in June 2007. The automaker had never borrowed under the terms of the deal, which was secured by GM's stake in its former finance arm GMAC.

    "After reviewing its liquidity position, GM believes that it has sufficient liquidity and financial flexibility to meet its capital requirements in the first half of 2008 without the credit agreement," the company said in a filing with the U.S. Securities and Exchange Commission.
  • cooterbfdcooterbfd Posts: 2,770
    Yes, and should be good for the entire US auto industry, as it becomes more profitable to build vehicles HERE for sale IN OTHER COUNTRIES!!! When was the last time you heard that???? ;)
  • 62vetteefp62vetteefp Posts: 6,048
    Well they are but small cars were only up .4% for 2007 at only a 15% market share. The biggest losers were minivans which I think everyone knows by now is a segment that will be much smaller in the future. The big winner? High MPG cars? NOOOO. Crossovers were up almost 16%. Every other segment is down. Overall a 3% industry wide drop. Crossovers gain is almost even with SUV's and minivans losses. And take into account that the whole market was down 3% a 6% drop in SUV's is not as if the sky is falling.

    Attached does not show the chart that was in the paper so I will put the data here.
    % drop..............................Market share
    +15.6..............crossovers....15.6
    +__.4..............small cars.....15
    -__3.0.............mid cars........22
    -__5.3.............Lux cars.......9
    -__5.5.............Pick ups.......17
    -__6.2.............SUV's...........14
    -__9.3.............Vans.............2
    -_11.6.............Large cars.....1
    -_19.5.............Minivans........5

    http://www.freep.com/apps/pbcs.dll/article?AID=/20080106/BUSINESS01/801060586/10- 14

    Gas prices are becoming a bigger issue in the U.S. auto market, but consumers are not necessarily flocking in droves to tiny, fuel-efficient vehicles.

    Through November, the small-car segment, which includes the Toyota Corolla, Honda Civic and Chevy Cobalt, rose just 0.4%, compared with the same period in 2006, according to Autodata Corp.
  • cooterbfdcooterbfd Posts: 2,770
    I think this is more proof to all the "Greenies" out there that while fuel economy does matter, the versatility of the vehicle (high sales of Suv's, pickups, and the explosion in crossovers) is still king with consumers.
  • 62vetteefp62vetteefp Posts: 6,048
    I was on a "green" site and they were making hay about a Green magazine that had given the GM Hybrid a Green truck of the year award. They were very pissed that a SUV was given any kind of green award even if it did get decent gas mileage. Their thought was that GM could have put that technology in a small car and gotten big MPG gains there. Very true but people want vehicles that they want, not a compromise and the sales figures show that. I think SUV's are the latest "thing" for people to band up against and hate and feel they belong to a righteous group. You can see this because they make assumptions like it is all soccer moms with only two kids or some guy trying to portray his manhood. Gee, I love my SUV because I can haul all my crap and kids. I would love to drive a Solstice or a Malibu but it just does not fit my needs. Of course I am turning in my Envoy and getting an Enclave because it is a much nicer vehicle and gets a bit better MPG, but bottom line it will haul the kids and 4x8 sheets!
  • 62vetteefp62vetteefp Posts: 6,048
    data

    Daily rental sales were reduced 108,000 vehicles;
    GM was at its lowest level of daily rental sales in 9 years (about 596,000 vehicles), while significantly boosting content and resale value.
    Commercial/government fleet sales were up about 5,000 vehicles
    Anticipated retail share stabilized at about 21 percent
    Retail vehicles, as a percentage of total deliveries, increased 1 percentage point to 74 percent
  • rockyleerockylee Posts: 14,011
    Which Enclave are you getting pal ??? You waiting for the hybrid or V8 CXS, or going with just the V6 ???? Well I wanna see pics when you do get it. Just remember the Acadia Denali, might be worth looking at. ;) Doesn't that come out soon ???

    -Rocky
  • 62vetteefp62vetteefp Posts: 6,048
    Should have it today so it will be the CXL reasonably loaded. The brown color you see right there---------------------------------------------------------------------------- --------------->>>>.

    You did see that Buick will have a Riviera concept vehicle at NAIAS???
  • rockyleerockylee Posts: 14,011
    Should have it today so it will be the CXL reasonably loaded. The brown color you see right there---------------------------------------------------------------------------- - --------------->>>>.

    Well I want to congratulate you on buying the finest CUV on the market today. That's the color I would get as well pal !!! :shades:

    You did see that Buick will have a Riviera concept vehicle at NAIAS???

    No I didn't see that !!! :surprise: I guess that means my Velite, is as good as dead now ??? :cry: :sick: I though their was a glimmer of hope still. :sick:

    -Rocky
  • 62vetteefp62vetteefp Posts: 6,048
    The Velite is an old concept car now. Perhaps the Riviera, with a production name, is much closer to reality and is similar to the Velite??
  • torque_rtorque_r Posts: 500
    Which Enclave are you getting pal ??? You waiting for the hybrid or V8 CXS, or going with just the V6 ????

    So GM is planning a V-8 for a Buick and has stopped developing V-8's for Cadillac? Does that even make sense to you? Cadillac has had V8's for the last 100 years. However GM explains this is no excuse. BMW's solution to rising fuel economy is a smaller displacement V-8 with direct injection and a turbocharger producing 400hp. Lexus has a 4.6L and 5.0L attached to an 8-speed. Even Hyundai will sell a V8 luxury car soon. Why doesn't GM just admit that the Northstar replacement under development could not pass the fuel economy/emission tests?
    Without a V-8, Cadillac will never be as upscale as Mercedes/Audi/BMW/Lexus. Say goodbye to the Standard of the World. Long Live premium brand Cadillac (a.k.a Acura, Volvo)
  • rockyleerockylee Posts: 14,011
    Well the premium engine might be something else.

    It's going to be funny when congress passes a ban on car comapny's who can't meet the new standard. Bye, Bye, BMW, Audi, Mercedes, Lexus. May be the fine will be so high nobody will buy them. So perhaps Acura, is doing the right thing !!! ;)

    -Rocky
  • torque_rtorque_r Posts: 500
    It's going to be funny when congress passes a ban on car comapny's who can't meet the new standard. Bye, Bye, BMW, Audi, Mercedes, Lexus. May be the fine will be so high nobody will buy them. So perhaps Acura, is doing the right thing !!!

    Fuel consumption for Acura RL (3.5) is 16/24 mpg, exactly similar to Lexus LS460 mileage. So how is Acura doing the right thing? :P
  • 62vetteefp62vetteefp Posts: 6,048
    I think that Rocky messed up with the Acura. Bottom line is though that 16/24 sure is not going to cut it. It needs to have at least 37 to meet the new standards.
  • 62vetteefp62vetteefp Posts: 6,048
    So GM is planning a V-8 for a Buick and has stopped developing V-8's for Cadillac? Does that even make sense to you?

    #1 From what I read (rumors) it was something that would be available this year so while the Lamdas may get a V8, the Cadillacs will also continue to have a V8 as the Northstar still lives. Perhaps GM is updating the northstar this very minute? I mean all they did was announce that they were killing a new V8 engine that would not have been available for a couple years.

    #2 we are talking a large CUV that will be replacing many peoples SUV's. Some of these old SUV buyers will want to continue to pull their boats/snowmoibiles/etc. and will want a more powerful engine. So if the Lamdas get a V8 it will be a continuation of GM's actions to transfer SUV buyers into their CUV Lamdas. Perhaps the towing capacity of the Lamdas would also be increased.

    #3 who is sure that the Enclave is gettng a V8? That may also have been cancelled. But actually everyone has a few years before the CAFE starts ramping up and the high price of gas will naturally push folks to higher MPG vehicles (yet to be proved!) so the OEM's who already meet the CAFE will continue to by replacing low MPG vehicles with higher MPG vehicles.

    #4 you are talking mid sized car vs. large SUV. I think most consumers are intelligent enough to see that a smaller car, even if it a lux vehicle, would have less need for a larger engine than a work horse truck.
  • rockyleerockylee Posts: 14,011
    Well their other cars more than make up for it. Besides, isn't Acura bringing out a diesel or hydrogen car ??? They like GM, appear to be ahead of the game in alternative fuel and new engine technology. ;)

    -Rocky
  • dieselonedieselone Posts: 5,641
    I've read somewhere that Honda/Acura is working on diesels for cars and SUV's to be available within the next few years.
  • rockyleerockylee Posts: 14,011
    Okay, so I read right and my memory is still working properly !!! :blush:

    -Rocky
  • 62vetteefp62vetteefp Posts: 6,048
    I've read somewhere that Honda/Acura is working on diesels for cars and SUV's to be available within the next few years.

    Isn't everyone?

    Anyway they will not be able to sell them in California unless they get a deal like Mercedes and only lease them and then sell them outside of CA when they are finished with the lease.
  • rockyleerockylee Posts: 14,011
    I thought the Blutec was 50 state legal ??? :surprise:

    -Rocky
  • 62vetteefp62vetteefp Posts: 6,048
    Well I cannot find the article that I read a week ago about how the special lease will work.

    http://www.greencarcongress.com/2007/10/mercedes-benz-i.html

    Mercedes-Benz USA (MBUSA) is introducing a limited number of its E320 BLUETEC diesel sedans in California. The sedan is now available through a special two-year/24,000-mile lease, and is lease-priced on a par with its gasoline sibling, the E350.

    At its initial US introduction, the E320 BLUETEC slightly exceeded the CA LEV II, EPA Tier 2 Bin 5 emissions threshold, and so was not put on sale nationwide. (Earlier post.) To meet the stricter standards of California and the other LEV II states, Mercedes-Benz made some modifications to the aftertreatment system, including changes in the control software. Although the catalyst material used in the NOx catalyst is the same, the unit is slightly different, according to Professor Dr. Herbert Kohler, Vice President, Group Research & Advanced Engineering Vehicle and Powertrain, Mercedes-Benz Cars and Chief Environmental Officer for Daimler AG.
  • rockyleerockylee Posts: 14,011
    Thanks, that is interesting 62' ;)

    Will the 2.9 TT V6 diesel from Europe, have a problem meeting those emission standards you think ??? :surprise:

    Also do you think GM, will manufactor those diesels here in the U.S. ????
  • grbeckgrbeck Posts: 2,361
    The Honda diesel is supposed to be coming for the 2009 model year in the Accord. From what I've read, it will meet the California emissions standards.
  • 62vetteefp62vetteefp Posts: 6,048
    I think GM will just go after the diesels used in other countries if available. That means the V8 diesels will probably be built here but perhaps designed overseas?

    No one else can meet the CA emissions yet other than Mercedes.
  • rockyleerockylee Posts: 14,011
    Well grbeck, is claiming honda can so we will see. ;) I hope we can also. :)

    -Rocky
  • kodenamekodename Posts: 141
    The Malibu is this decades Citation, or at least it should be considered as such before picking one over a Toyota/Honda. Can those Die Hard GM'ers remember the X body :lemon: GM products? They sold like crazy. GM was building them for every division , even Cadillac, but alas , within 24 months of their glorious introduction the prince turned into a frog.( a Vega repeat) Resale values plumited and GM couldn't give them away. The Die Hard GM'ers (you know who you are) have a new savior each year. Last year it was the Soltice, and the never ending promise of a better Cadillac.Before that it was the ultimate 2 seat Barbie Car ,the Corvette.
    Why can't GM get over this need to have front end styling that mimmics a snow plow? Then's there's the Buick Enclave..exterior porportions seem all off. When you see one in person, it's as if BMW's Chris Bangle did a redesgin of the Pontiac Aztec. Am I the only one who see's unsold Pontiac Soltices sitting week after month on dealer lots? Bottom line has got to be this: Any GM product is still a great risk. Only the Malibu is getting reviews that say as good as or better than their competitors....and they said the same thing about those X-Bodies of the 1980's.
    Don't kid yourself. GM is still no better off than the other domestic makers. Even the current wonder child The Volt is more hype and "PR" than a reality. GM fans: Put those party hats down,,your still a good 10 years premature in any celebration of a comeback.
  • rockyleerockylee Posts: 14,011
    Company's 8.9 percent increase came largely in the U.K, Russia, Greece, Italy and Ukraine.

    http://www.detnews.com/apps/pbcs.dll/article?AID=/20080110/AUTO01/801100320/1148- /AUTO01

    -Rocky :shades:
  • dieselonedieselone Posts: 5,641
    How many Astra's is GM planning on selling?

    Seems like a nice little car, but a bit quirky with only one cup holder, a clock that displays 24 hour time only seems a bit odd. If the engine is as buzzy as I've been reading about I don't see it winning over the Civic crowd.
1346891051
Sign In or Register to comment.