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GM Death Watch 94

103 posts in this topic

Guest buickman   
Guest buickman

So much for Maximum Bob

From www.thetruthaboutcars.com

GM’s September sales figures are out. Despite generous Labor Day incentives, zero per cent financing to anyone with a pulse and an easy year-on-year comparison (GM was in the post-Fire Sale mode last September), vehicle sales are down seven percent. Given GM’s upcoming production cutbacks, there’s only one way sales can go from here: down, taking GM’s declining market share with it. Never mind. According to GM Exec Maximum Bob Lutz, "Whatever our market share stabilizes at in the US— 22, 23, 24 percent— I don’t really care. The idea that GM… has got to get back to 30 percent is a wacky notion with all this global competition we’ve got."

Obviously, Mr. What Me Worry? is a whack job. The fact that the octogenarian ex-Marine has any power whatsoever within GM– never mind his multi-million dollar annual salary, huge pension and Gulfstream perks– tells you all you need to know about GM’s ability to manage itself. At the risk of stating the obvious, shouldn’t the guy who calls [at least some of] the shots for the world’s largest automaker understand that the faster GM’s domestic market share shrinks, the closer The General gets to the tipping point of no return? Call me a weenie (SIR!), but I’d expect an ex-Marine to know when he’s fighting a rear-guard action.

By the same token, you’d kinda hope that GM’s so-called “car czar” would know that The General’s inability to find new homes for their cash cows is putting his employer in a world of hurt. Pardon me for not being a goldfish, but I distinctly remember Mr. Lutz standing on the running board of a new[ish] Tahoe telling the world that GM’s GMT-900’s would take the [declining] market by storm and save GM’s bacon. Well they haven’t. Yukon, Tahoe and Suburban sales are soft, and getting softer. Surely the opposite of success is failure, and the logical response to failure is to acknowledge the damage and formulate a new plan– rather than obfuscation, prevarication and denial.

Top execs like GM marketing maven Mark LaNeve may be happy spinning the dismal parade of declining numbers– claiming that rental fleet sales and limited production are clouding an otherwise bright picture– but the numbers don’t lie. GM is in a death spiral that no amount of “missing” Chevrolet Aveos, Cobalts and Malibus can cure. GM claims its GMT900 pickups are the next next big thing, but they simply can’t create enough cash flow to sustain The General’s distended, over-extended, lackluster product portfolio.

In fact, Maximum Bob put his finger on the nub of GM’s problem: the company has lost its ability to fight import owned competition. GM’s September sales results are bad enough, but Toyota’s are far worse– for GM. The Japanese automaker’s sales climbed a staggering 25%. And it wasn’t just fuel-sipping econoboxes fueling the company’s financial combustion chamber. Year-on-year sales were up for the Sequoia (37.7%), Land Cruiser (1.7%), 4Runner (8.9%), Highlander (16.1%), RAV4 (93.4%). Bottom line: Toyota’s September SUV sales rose by an average of 54.8%.

The numbers are alarming in extremis. GM's new[ish] GMT900’s have not only failed to sell in absolute terms, they’ve also failed to stem the growing tide of customers abandoning domestic products for import-owned vehicles on their home turf. As for cars… fuhgeddaboutit. “All this global competition” has left The General in a corner, fighting Ford and Chrysler for hard core domestic-buying consumers. Short of Ford going belly-up, without products capable of beating-back Toyota, Honda, Hyundai and the rest of the “newcomers,” the market share stability GM’s Car Czar seeks is impossible to imagine.

Meanwhile, reports are filtering in that GM CEO Rabid Rick Wagoner has finally called off the Nissan - Renault alliance talks. This may have a little something to do with new rules enacted yesterday by GM’s Board of Bystanders. The language is a bit convoluted, but my take is that they make it easier for the Board to remove pro-Renault investor Kirk Kerkorian’s man Jerry York, and prevent Captain Kirk from adding new members. So Rabid Rick’s covered his ass and told Kirk to take a flying leap. As we predicted, things are getting ugly over at RenCen.

The battle for control of GM is just beginning. Kirk is sure to retaliate against GM’s CEO in any way he can, and The Lion of Las Vegas is nothing if not resourceful. Regardless who ends-up the last man grandstanding, the war's already been lost. At an ever increasing rate, GM’s products are falling further and further behind the competition in the only arena that makes any difference: the sales charts. While necessary, GM's severe cuts to its production and staff delay the regrouping needed to create the products needed to recapture lost market share. The “gotta-have” vehicles aren’t forthcoming, but the reckoning is.

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Drew Dowdell    5,159

I, for one, agree with Bob that what is the point of 30% market share if the company is losing money doing it!?

I much rather GM at a profitable 22% market share than an unprofitable 30% market share. I'm sure other stock holders feel the same way.

GM is producing more great cars than they are duds.

There are "gotta have" vehicles here already. The Escalades, the Kappas, the new 'Vette. The current CTS was "gotta have" for me... and I got it. The next CTS looks like it is the same.

The Cobalt is selling so well they're having inventory issues <opposite of the kind Chrysler is having with the 300>.

The Cobalt is making a profit!

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Guest buickman   
Guest buickman

They couldn't get to 30% even losing money. So now the goal is 22-23? What next? 20? 18? Each year these nitwits simply lower the bar when they fail to produce. Return to Greatness is the answer. The plan would have them back over 30% within 6 months and making money!

Buickman

the voice

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Drew Dowdell    5,159

They couldn't get to 30% even losing money. So now the goal is 22-23? What next? 20? 18? Each year these nitwits simply lower the bar when they fail to produce. Return to Greatness is the answer. The plan would have them back over 30% within 6 months and making money!

Buickman

the voice

201316[/snapback]

:bs:

They no longer have the infrastructure in place to support 30% at this point. Delphi couldn't keep up and neither could most of their plants.

Marketshare isn't a measure of company health.

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Guest buickman   
Guest buickman

:bs:

They no longer have the infrastructure in place to support 30% at this point.  Delphi couldn't keep up and neither could most of their plants.

Marketshare isn't a measure of company health.

201318[/snapback]

When you're constantly and consistently losing it, market share (the loss of) is most definitely a sign of health and this company is illin'

the voice...

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Drew Dowdell    5,159

When you're constantly and consistently losing it, market share (the loss of) is most definitely a sign of health and this company is illin'

the voice...

201322[/snapback]

They have to get back to profitability first, then concern themselves with market share. It's not like they're in a free fall, they have kept fairly steady. Market share was actually up for August.

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Mr.Krinkle    0

whew, another deathwatch. i thought everything got solved since the last

one. what was that 2 weeks ago.

fact is this is all being micro analayzed to death. sept 06 will not

be the determinng factor and really no reason to get your

panties in a bunch. or the false hope that bm is our shining light. our voice in the wilderness. pandering at best.

Edited by Mr.Krinkle

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Northstar    11

Ok, let's break down what's wrong with this article:

vehicle sales are down seven percent.

Yes, but GM actually sold more retail units this September. I'd say that's what matters.

"Whatever our market share stabilizes at in the US— 22, 23, 24 percent— I don’t really care. The idea that GM… has got to get back to 30 percent is a wacky notion with all this global competition we’ve got."

I'd rather see GM at 22-24% share with about 80% retail units than 30% share but the same number of retail units. Adding fleet sales only hurts resale for us, GM's customers.

shouldn’t the guy who calls [at least some of] the shots for the world’s largest automaker understand that the faster GM’s domestic market share shrinks, the closer The General gets to the tipping point of no return?

Again, it's all about retail sales, and GM has been improving in this area.

GMT-900’s would take the [declining] market by storm and save GM’s bacon. Well they haven’t. Yukon, Tahoe and Suburban sales are soft, and getting softer.

Actually, Tahoe, Yukon, Yukon XL, Suburban, and Avalanche sales were all up in September, and I think it's fair to say that the only reason last year's numbers were higher is because of the Employee pricing. On, top of that, the Tahoe is only down 3k units vs. last year. Oh, and on top of that, the Escalade is actually up vs. last year, even with Employee pricing. And, last I checked, the segment was down by a large margin this year. I don't know the exact figures, but I'm guessing the segment as a whole is down more % points than GM is, so that means GM would have increased market share, meaning that they are taking back some of the market, granted, not by storm.

Oh, and let's not forget to mention, once again, that the T900s are doing this at MUCH higher transaction prices, which means GM is making TONS of money on them.

GM claims its GMT900 pickups are the next next big thing, but they simply can’t create enough cash flow to sustain The General’s distended, over-extended, lackluster product portfolio.

This may be the biggest line of BS so far. Umm, hello, GM sells close to 1 million pickups per year, and is currently on pace to sell about 4.2 million vehicles this year. If 1/4 of GM's vehicles are highly profitable (and this doesn't include the T900 SUVs, either), then I think that would keep GM at profitable levels.

Oh, and let's not forget the new products coming. How many of them are lackluster?

Year-on-year sales were up for the Sequoia (37.7%), Land Cruiser (1.7%), 4Runner (8.9%), Highlander (16.1%), RAV4 (93.4%). Bottom line: Toyota’s September SUV sales rose by an average of 54.8%.

So they had a good month... how about mentioning that the Sequoia is down 25.7% for the year (looks like the Tahoe is doing much better, no?), Highlander is down 10.3%, Land Cruiser is down 34.1%, 4Runner is up 3.8%, and the RAV4 is the only one that has any real gain, at 104%.

I could give some nice figures for some GM SUVs to make them look brighter than they really are, too:

Avalance up 44.5% for the month, and the GMT900s are doing bad?

H3 up 21.5% for the month, and 120.8% for the year.

Torrent up 127.1% for the month.

I just love how TTAC thinks it can get away with BS like this. The T900s are doing bad, and the only Toyota SUV that is doing better than average for the year is the RAV4.

M's new[ish] GMT900’s have not only failed to sell in absolute terms, they’ve also failed to stem the growing tide of customers abandoning domestic products for import-owned vehicles on their home turf.

I think I already demostrated that anything about the T900s being failures is made up BS.

As for cars… fuhgeddaboutit.

Wow, nice journalism.

Meanwhile, reports are filtering in that GM CEO Rabid Rick Wagoner has finally called off the Nissan - Renault alliance talks. This may have a little something to do with new rules enacted yesterday by GM’s Board of Bystanders. The language is a bit convoluted, but my take is that they make it easier for the Board to remove pro-Renault investor Kirk Kerkorian’s man Jerry York, and prevent Captain Kirk from adding new members. So Rabid Rick’s covered his ass and told Kirk to take a flying leap. As we predicted, things are getting ugly over at RenCen.

The battle for control of GM is just beginning. Kirk is sure to retaliate against GM’s CEO in any way he can, and The Lion of Las Vegas is nothing if not resourceful. Regardless who ends-up the last man grandstanding, the war's already been lost. At an ever increasing rate, GM’s products are falling further and further behind the competition in the only arena that makes any difference: the sales charts. While necessary, GM's severe cuts to its production and staff delay the regrouping needed to create the products needed to recapture lost market share. The “gotta-have” vehicles aren’t forthcoming, but the reckoning is.

Personal opinion with nothing to back it up. And, who says the "gotta-have" vehicles aren't coming? I'd say the Lambdas look damn impressive, the Malibu is supposed to be a knockout, and I'd say the Camaro is as close to "gotta-have" as you can get.

TTAC is a joke, which I guess is why Buickman takes them to be the Automotive Bible.

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Northstar    11

When you're constantly and consistently losing it, market share (the loss of) is most definitely a sign of health and this company is illin'

the voice...

201322[/snapback]

Umm, profitability would be a sign of company health. And, GM is returning to profitability.

I'll even give an example to make it easier to understand: Porsche is very profitable, but their market share is basically nothing. This makes them unhealthy how?

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Mr.Krinkle    0

it is a lot of bs in a way. as usual the percent arguments are misleading and only

showing a slanted view of what seems to be the actual trends.

huge sales all summer long, too but toyota firesales arent called fire sales, theyre golden opportunity events.

their rebates and incentives are known as consumer apreciation awards. i saw a never ending parade of toyota truck commercials this summer. nice to have a roll.

i wonder if they are truly happy with this months sales.

Edited by Mr.Krinkle

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Guest YellowJacket894   
Guest YellowJacket894

Who in the hell reads these "GM Death Watch" articles, anyway? It's nothing but overcooked, ignorant, stale bull&#036;h&#33;. I'm not going to begin to point out the things wrong with this narcissistic, belligerent drivel.

Seems to me like someone wants to turn GM into one big soap opera or CBS's afternoon line-up.

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Guest buickman   
Guest buickman

Returning to profitablility? Stabilizing market share? More semantics from spin artists and blind followers. Start looking at the trees and you'll notice the forest is disappearing.

the voice...

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razoredge    0

GM is one big soap opera, anyone that hangs around C&G has surely seen enough evidence of that.

Final year sales totals will have to do. Im anxious now to know how this year has been going. I for one dont believe it has gone well at all. I nearly agree with this artical. I dont however at this time believe in blaming Lutz, Wagner, or LeNave ( I need to learn how his name is spelled) They could have done better thats for sure but America is the problem, they just arent going to change their car buying outlook, especially when its so well known that "The Big Three" are in trouble. That just a huge red flag right there.

Then if thats not bad enough, the imports trump them on every detail, we have all seen that here.

More gears for the tranny, too late, such and such just produced one that has one more.

Nice new hightec V6.........too late, everybody else just released one that has more HP/more torque/better milage

better interiors...........too late, everybody else just added newer more softie touch plastic down by the toe area

new styling..........too late, its dated now, everybody else has moved on

better warranty...........too late, such and such has always had one that good and better and sells their cars for less

new commercials..........too late, and far to craptastic for any customer to get past the "now selling for less.........." at the end

Im telling you guys, the Asian automachine is on a roll, in deep wet snow, and its growing so fast, nothing is going to stop it..........."in a free market"......."global economy". Money makes money and the Asians have it and the Americans do not. Spin it all you want, talk about 20 % with profit is better than 24 without. Then next year talk about 18% with profit is better than 20 without. Picture that old commercial, I forget what it was for, but it was a city and the streets were empty........thats your local GM dealerships customer parking lot. Now drive past or go to a Toyota dealership and see the action, go to a Hyundia dealership and see the action, go to a Honda dealership and see the action, now go to another GM dealership of you choise and tell me whats going on..............

Its the American attitude, we see it all the time here on this forum. Whether its the crying about items not being as special as _ _ _ _'s. Or who gives a crap about American manufactureing jobs or whatever topic pops up. Just check out the basic American attitude about its manufactures or workforce. We'd rather be politically correct and embrace immigrants, foreign cultures, our own slacker government, our own greedy healthcare system and any other number of problems than embrace our own people, our own culture, our own history, our own manufactureing base and so many other things Americana.

Now just go ahead and tell me Im wrong...........then just sit back with your complacent attitude about the condition of America and watch it all happen..........because you are too selfish and lazy to stand up for your own brothers and sisters and make a change in attitude.

Sound off topic, sound like a tangent? Is it really ? Look at the big picture

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toyoguy    0

Actually, Tahoe, Yukon, Yukon XL, Suburban, and Avalanche sales were all up in September, and I think it's fair to say that the only reason last year's numbers were higher is because of the Employee pricing.

201338[/snapback]

GM’s September sales figures are out. Despite generous Labor Day incentives, zero per cent financing to anyone with a pulse and an easy year-on-year comparison (GM was in the post-Fire Sale mode last September), vehicle sales are down seven percent.

As he stated the fire sale was over, GM had a terrible Sept (2005) and Sept 06 showed no improvement, well that's bad news.

September 2005/2004

http://media.gm.com/servlet/GatewayServlet...n=6&docid=19171

Tahoe

September 2004 - 20,905

September 2005 - 9,151

September 2006 - 10,146

C/K Suburban(Chevy)

September 2004 - 12,987

September 2005 - 5,640

September 2006 - 5,837

Avalanche

September 2004 - 8,147

September 2005 - 4,131

September 2006 - 6,206

Yukon

September 2004 - 9,510

September 2005 - 5,094

September 2006 - 5,451

Yukon XL

September 2004 - 7,338

September 2005 - 3,689

September 2006 - 4,145

Escalade

September 2004 - 3,169

September 2005 - 2,449

September 2006 - 2,985

Escalade ESV

September 2004 - 1,521

September 2005 - 920

September 2006 - 1,892

Escalade EXT

September 2004 - 734

September 2005 - 495

September 2006 - 851

outside the Escalade (competing w/the old Navigator) the GMT-900's aren't all that hot. And I distinctly remember that jackass Lutz saying we are selling every GMT900 we can build, obviously we aren't.

Fargo is right on the money, the managment at GM which worked in the old days is completely wrong in today's enviroment.

It's time Lutz and GM's managment are held responsible for GM's failings, and I mean they need to be fired.

Edited by toyoguy

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Cadillacfan    0

Would you prefer lutz say: "These SUVs are good but they're not doing very well because of the shift in the demand.. so let's not get our hopes up. In fact, just ignore these SUVs altogether."

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jry    0

whew, another deathwatch.  i thought everything got solved since the last

one.  what was that 2 weeks ago.

fact is this is all being micro analayzed to death.  sept 06 will not

be the determinng factor and really no reason to get your

panties in a bunch.  or the false hope that bm is our shining light.  our voice in the wilderness.  pandering at best.

201336[/snapback]

here, here.

you'd think with all of buicks hand wringing (must have too much time on his hands) he'd find a roof to jump off of or a gun to put to his head. this guy wants GM to fail so bad. what, just so he can bask in the glory of an "i told you so".

its like all of the goofballs that ran GM out of flint and then said, from the unemployment line, "guess we showed them".

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VenSeattle    8

Fargo is right on the money, the managment at GM which worked in the old days is completely wrong in today's enviroment.

It's time Lutz and GM's managment are held responsible for GM's failings, and I mean they need to be fired.

201419[/snapback]

Septemeber 2004 Sales hit industry records that had never been achieved before... Last year's sales were down due to Employee Pricing and the Pull-Ahead sales. Every vehicle listed shows an improvement from 2005.

From GM's 10/1/04 release.

GM Truck Sales

GM's truck lineup posted industry-record September sales. Full-size pickups and sport utility vehicles both set industry sales records. Full-size pickup deliveries (108,742) posted a 42 percent gain, led by record Chevrolet full-size pickup sales, up 41 percent, and record GMC Sierra sales, up 47 percent. This is the eighth consecutive month that GM full-size pickups led the industry. Deliveries of medium pickups were up 33 percent (16,022), as Chevrolet Colorado and GMC Canyon continued to build sales strength.

GM again set a new industry benchmark for utility vehicle sales. SUV sales (134,819) improved 35 percent compared to year-ago levels, surpassing the 100,000-unit sales mark for the sixth month this year. Third-quarter utility sales gained 12 percent (382,076), also setting another record.

September deliveries of medium utilities (54,212) improved 41 percent, led by record Chevrolet TrailBlazer sales, up 57 percent (28,175) and record GMC Envoy sales, up 62 percent (14,792). Medium utility sales increased 12 percent in the third quarter (160,954), setting an industry record.

Small utilities continued to gain sales strength in September, with 19,456 deliveries, a 109 percent increase compared to last year. Chevrolet Equinox had its best sales month since launch with 12,126 deliveries, a 41 percent improvement over August. Small utility sales were up 66 percent in the third quarter (52,542).

How many attempts at a failed Tundra will make you call for a Toyota VP's head?

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Northstar    11

GM’s September sales figures are out. Despite generous Labor Day incentives, zero per cent financing to anyone with a pulse and an easy year-on-year comparison (GM was in the post-Fire Sale mode last September), vehicle sales are down seven percent.

As he stated the fire sale was over, GM had a terrible Sept (2005) and Sept 06 showed no improvement, well that's bad news.

outside the Escalade (competing w/the old Navigator) the GMT-900's aren't all that hot. And I distinctly remember that jackass Lutz saying we are selling every GMT900 we can build, obviously we aren't.

Fargo is right on the money, the managment at GM which worked in the old days is completely wrong in today's enviroment.

It's time Lutz and GM's managment are held responsible for GM's failings, and I mean they need to be fired.

201419[/snapback]

Did you take into account that GM was in "fire-sale" mode in Sept 2004? I remember you could get $10k+ off of Tahoes and Suburbans back then (we looked at a $49k Tahoe in late Aug 04 that the dealer was advertising for $39k), and you can't do that now. If you could get $10k off a 2007 Tahoe, I don't think there'd be many left on the lots at the end of the month.

Compared to the industry, the T900s are doing very well.

The Escalade doesn't only have competition from the Navigator... The LX/GX, new GL-Class, and Range Rover still compete against it.

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tama z71    0

GM is one big soap opera, anyone that hangs around C&G has surely seen enough evidence of that.

Final year sales totals will have to do. Im anxious now to know how this year has been going. I for one dont believe it has gone well at all. I nearly agree with this artical. I dont however at this time believe in blaming Lutz, Wagner, or LeNave ( I need to learn how his name is spelled) They could have done better thats for sure but America is the problem, they just arent going to change their car buying outlook, especially when its so well known that "The Big Three" are in trouble. That just a huge red flag right there.

Then if thats not bad enough, the imports trump them on every detail, we have all seen that here.

More gears for the tranny, too late, such and such just  produced one that has one more.

Nice new hightec V6.........too late, everybody else just released one that has more HP/more torque/better milage

better interiors...........too late, everybody else just added newer more softie touch plastic down by the toe area

new styling..........too late, its dated now, everybody else has moved on

better warranty...........too late, such and such has always had one that good and better and sells their cars for less

new commercials..........too late, and far to craptastic for any customer to get past the "now selling for less.........." at the end

Im telling you guys, the Asian automachine is on a roll, in deep wet snow, and its growing so fast, nothing is going to stop it..........."in a free market"......."global economy". Money makes money and the Asians have it and the Americans do not. Spin it all you want, talk about 20 % with profit is better than 24 without. Then next year talk about 18% with profit is better than 20 without. Picture that old commercial, I forget what it was for, but it was a city and the streets were empty........thats your local GM dealerships customer parking lot. Now drive past or go to a Toyota dealership and see the action, go to a Hyundia dealership and see the action, go to a Honda dealership and see the action, now go to another GM dealership of you choise and tell me whats going on..............

Its the American attitude, we see it all the time here on this forum. Whether its the crying about items not being as special as _ _ _ _'s. Or who gives a crap about American manufactureing jobs or whatever topic pops up. Just check out the basic American attitude about its manufactures or workforce. We'd rather be politically correct and embrace immigrants, foreign cultures, our own slacker government, our own greedy healthcare system and any other number of problems than embrace our own people, our own culture, our own history, our own manufactureing base and so many other things Americana.

Now just go ahead and tell me Im wrong...........then just sit back with your complacent attitude about the condition of America and watch it all happen..........because you are too selfish and lazy to stand up for your own brothers and sisters and make a change in attitude.

Sound off topic, sound like a tangent? Is it really ? Look at the big picture

201399[/snapback]

Quote of the Year.

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SS427    0

GM’s September sales figures are out. Despite generous Labor Day incentives, zero per cent financing to anyone with a pulse and an easy year-on-year comparison (GM was in the post-Fire Sale mode last September), vehicle sales are down seven percent.

As he stated the fire sale was over, GM had a terrible Sept (2005) and Sept 06 showed no improvement, well that's bad news.

September 2005/2004

http://media.gm.com/servlet/GatewayServlet...n=6&docid=19171

Tahoe

September 2004 - 20,905

September 2005 - 9,151

September 2006 - 10,146

C/K Suburban(Chevy)

September 2004 - 12,987

September 2005 - 5,640

September 2006 - 5,837

Avalanche

September 2004 - 8,147

September 2005 - 4,131

September 2006 - 6,206

Yukon

September 2004 - 9,510

September 2005 - 5,094

September 2006 - 5,451

Yukon XL

September 2004 - 7,338

September 2005 - 3,689

September 2006 - 4,145

Escalade

September 2004 - 3,169

September 2005 - 2,449

September 2006 - 2,985

Escalade ESV

September 2004 - 1,521

September 2005 - 920

September 2006 - 1,892

Escalade EXT

September 2004 - 734

September 2005 - 495

September 2006 - 851

outside the Escalade (competing w/the old Navigator) the GMT-900's aren't all that hot. And I distinctly remember that jackass Lutz saying we are selling every GMT900 we can build, obviously we aren't.

Fargo is right on the money, the managment at GM which worked in the old days is completely wrong in today's enviroment.

It's time Lutz and GM's managment are held responsible for GM's failings, and I mean they need to be fired.

201419[/snapback]

It looks like the numbers are all up from the previous year even with the outrageous gas prices that we have had to pay and the only reason why 04 was better than 05 and 06 was because gas prices were lower and there was more demand for SUV's so don't make this look like this is GM's failure because these are market factors that affected EVERYBODY!!!!! and you will see similar decreases with all other SUV manufacturers, remember the 2004 and 2005 model years were essentially the same vehicle where 2006 was the transition from the GMT800 to GMT900, with all this in consideration GM is doing very well.

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Cien    0

I'm reserving judgement until the end of the quarter, when the numbers for revenue come out. At this point, thats the only real important thing.

All GM needs to do for this year is to prove that thier financially solvent. Everything else will fall in place when Lambdas and the new cars arrive, and next summer when the contracts with the UAW are renegotiated.

I can't wait for the new contract, because after that's out of the way, we'll truly see the new GM.

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toyoguy    0

How many attempts at a failed Tundra will make you call for a Toyota VP's head?

201448[/snapback]

There has been one Tundra and it is selling as Toyota originally planned.

I stand by my statement. GM's managment no longer works in today's marketplace. They are completely self-regulating and refuse to be held accountable.

Not only is GM's managment supposed to react to changing market conditions, they should also predict future changes. Both areas they have failed at consistently.

These cashback fire sales used to clear out excess inventory only reinforce my point. Why were they dumping vehicles on dealers in 2004 and 2005? Is there any reason to inflate profits one quarter to lose money the next. Unfortunatley common sense isn't all that common at GM.

Of course nobody will be replaced, the existing managment won't allow it, they'd rather see GM fail that accept responsibility for their negligence.

Edited by toyoguy

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turbo200    6

What is wrong with the picture?

Toyota had 0% financing and huge resale value-diminishing rebates on thier cars in September, I know, I was with a friend who was looking at a Highlander and the salesman gave all the specials away on the lot.

GM's SUVs are selling at expectations without major incentives. SUVs were never supposed to be a big segment this year. Demand is clearly shifting away from them. We hit higher than $3/gallon this year, and STILL the 900s have posted sales increases.

Lutz is one of the few reasons GM has shreds of hope yet. Thanks to his shaking up of the design/development process, GM has excellent forthcoming cars to look forward to. Thanks to GM's reasonable thinking, we now have a company that has completely shifted away from fire sales, for the sake of image, sales be damned. They are losing sales to the competition, just so that they can get away from image-diminishing incentives. I'd say they learned the hard way and now are crashing against the waves for a little while until the good stuff comes out.

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There has been one Tundra and it is selling as Toyota originally planned. 

I stand by my statement.  GM's managment no longer works in today's marketplace.  They are completely self-regulating and refuse to be held accountable.

Not only is GM's managment supposed to react to changing market conditions, they should also predict future changes.  Both areas they have failed at consistently.

These cashback fire sales used to clear out excess inventory only reinforce my point.  Why were they dumping vehicles on dealers in 2004 and 2005?  Is there any reason to inflate profits one quarter to lose money the next.  Unfortunatley common sense isn't all that common at GM.

Of course nobody will be replaced, the existing managment won't allow it, they'd rather see GM fail that accept responsibility for their negligence.

201577[/snapback]

Really...why must you troll this site? Your not a GM enthusiast, but yet you still come here spitting your drivel about how your always right and how Toyotas better than GM. Really it gets old. Grow up.

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