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Everything posted by Drew Dowdell
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Utah had a gay kiss in about 6 months ago.
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Why? You don't have gay people there?
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It's the Human Rights Campaign.... it's a gay rights organization.
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Well lets apply some critical thinking to the CBO estimate from March. Is 34 billion a reasonable number?
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Did you read the link? And Treasury thinks it's going to lose $1.6b on Chrysler
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Hot car!
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And.... as I said yesterday.... taxpayers aren't going to lose any money on the GM bailout.
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Yeah, and that kind of deal was gone just a few months later.... and it most certainly wasn't "no problem". Tata had to have massive financing in place that it struggled to get.
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it's a royal bitch to do, it's less frustrating to just to a Migwiz, back your stuff up, and reinstall windows.
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I think I see it.... if you squint real hard, you can see the clearly superior German engineering! It's right there between the slant I-5 and the offset radiator... but in front of the sideways distributor, right under the cruise control module that reaches halfway across the engine bay for the throttle body only to reach back to the center again for the spark advance..... clearly superior to the sucky pushrod technology.....
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uh... seriously? We haven't seen that spectacular failure already with Cerebus? "Oh I'd like to buy LGR and build me some Cadillac CTSes... I'll get the engine from... ooh... wait...."
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And? As I've stated before, market share isn't any measure of the health of a company. GM only slightly losing market share while shedding 50% of it's brands is actually a win. Rental fleet sales are the bad kind. Many of the fleet sales were government or commercial. Ford's fleet sales are going to rise a lot... and that's a good thing....because they brought out a fleet specific vehicle in the Transit connect. For the government to break even, GM needs to be valued at around $70 billion..... even skeptical analysts are predicting around a $68billion value for GM. So, no, the taxpayers aren't going to lose a ton of money on it. This point shows a gross lack of understanding of out the automotive industry is structured. GM going out of business would have immediately killed Chrysler. The collapsing of GM would have taken out parts suppliers. Those parts suppliers also supply to current golden child Ford, and former golden child Toyota. The only reason Ford is still in business is some wise finance sage mortgaged everything up to the Ford name just before the credit crisis. If Ford were to be hit with supplier problems brought on by a GM collapse, it is unlikely they would be able to continue to service their debt and would themselves collapse. As for liquidating GM... I ask... to whom? Toyota might be able to buy GM from a financial standpoint, but why would they want to? Toyota has a couple of their own pots already boiling over that need attention. Honda and BMW are too small, Daimler-Benz still has that nasty Chrysler taste in their mouth, Volkswagen is already full from an earlier acquisition binge, Nissan-Renault is being held together with paperclips and bubble gum. Tata stretched themselves as far as they could just to buy Jaguar and Land Rover. Fiat is barely able to digest Chrysler. The idea that a company like Honda could suddenly take up the sales from the largest automotive seller in the country doesn't pass the laugh test. Honda already runs at or near capacity as part of their lean production system. This author's impression that Honda could buy a production line from GM today and start building Civics tomorrow just shows that she is out of her industry.
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It's a 2 owner car and the current owner has owned it for 10 years. I'm not that concerned with fuel economy because it just going to be rumbling the few miles from my house to my various apartment buildings. It is in very clean shape. Everything works. What do you think I should offer?
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RuRoh! I might be going the other way but still in white! Tonight I test drove a '91 Caprice wagon.... it's in great shape with 111k miles and it would do well for me as a work vehicle (since I already have experience with the FrankenWagon) He's asking $2200, I might offer him $1800 on friday.
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now now, let's try and keep this non-political and just make fun of Glenn Beck's hypocrisy..
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Well it's salt on the wound for me too..... I really want to get another avalanche....
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GM Posts $865 Million 2010 Q1 Profit DETROIT, Mich. – General Motors Company today announced its first quarter 2010 results, marked by revenue of $31.5 billion and operating income of $1.2 billion. Net income attributable to common stockholders was $0.9 billion, resulting in earnings per share on a diluted basis of $1.66. GM's first quarter adjusted earnings before interest and tax (EBIT) was $1.7 billion, after adjusting for the favorable impact of the sale of the Saab brand. GM North America had EBIT in the first quarter 2010 of $1.2 billion, up from a loss of $3.4 billion in the fourth quarter 2009. GM Europe had a loss before interest and taxes of $0.5 billion; an improvement of $0.3 billion from the fourth quarter. GM International Operations posted EBIT of $1.2 billion, up $0.5 billion from the fourth quarter. Cash flow from operating activities was $1.7 billion and after adjusting for capital expenditures of $0.7 billion, free cash flow was $1.0 billion. GM ended the first quarter with $35.7 billion in cash and marketable securities, including funds in escrow. "We're pleased with our first quarter performance, in particular achieving profitability," said Chris Liddell, vice chairman and chief financial officer. "In North America we are adding production to keep up with strong demand for new products in our four brands. We're also steadily growing in emerging markets, keeping our costs under control, generating positive cash flow and maintaining a strong balance sheet. These are all important steps as we lay the foundation for a successful GM." Discussion: GM Posts $865 million Q1 profit
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Crazy enough.... I think the only one that is still owned by this group is the LeSabre Fly traveled up from Florida to purchase!
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I was going through some old pictures and I ran into this one from when Ocnblu, GMTruckguy, Flybrian, and myself met up at Camino's place..... and what struck me is that all 4 of these vehicles have left the C&G stable in just a few years. From left to right, My Avalanche, Ocn's Sierra, Camino's GTO, and GMTruckguy's Sky
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We had a fishing attack on the site about a month and a half ago, but it's been cleared up and secured
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yeah, I'm on it almost every day.... it runs by my house. That GMC towing the Ford is on Rt. 30 also
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Canadian Mirror
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Heck, even a Certificate of Live Birth from the State of Hawaii isn't proof of citizenship apparently.....
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Saw this barreling down Rt. 30 (Lincoln Highway) yesterday evening. Don't know the year Dodge Coronet.
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