Fed's to make your car payments

[RIJIMMY]

Spence, I really am amazed at your lack of any critical thnking unless it is directed at peoples posts. Are you able to look at all into the future? I heard yesterday that Obama and Cos plan is to eliminate some of GMs most profitable vehicles, what are they? BIG TRUCKS!! So now they'll force GM to make more cars people dont want, and how will they ensure that they are profitable? THEY WILL RAISE THE GAS TAX TO MAKE PEOPLE BUY SMALLER CARS!!!
Do you ever stop and think what this all means? Stop and read the constitution!

[Cool Beans]

"WASHINGTON (Reuters) – The Obama administration is seeking to ease General Motors Corp into a "controlled" bankruptcy by persuading some creditors to agree to a plan that would divide the company into two pieces, the New York Times reported on Wednesday.
Citing people briefed on the matter, the Times said the plan is to push GM into a structured bankruptcy "somewhere between a prepackaged bankruptcy and court chaos," using taxpayer financing for leverage.
The administration is drawing in part from its experience with troubled banks, seeking to create a new, healthier GM, but leaving behind its liabilities and less valuable assets, possibly for liquidation, the Times said on its website.
Under the plan, GM would file for prearranged bankruptcy, the report said, and would then use a sale authorized under Section 363 of the U.S. bankruptcy code to sell off desirable assets to a new company financed by the government.
These more valuable assets might include Cadillac and Chevrolet, as well as assets the company needs to run its business, the Times said.
Plans are still under discussion and details are subject to change, the report said.
GM officials warned on Tuesday there was a rising chance it could file for bankruptcy by June."

Maybe time to buy stock in FORD.......

[ecduzitgood]

Originally Posted by RIJIMMY

Spence, I really am amazed at your lack of any critical thnking unless it is directed at peoples posts. Are you able to look at all into the future? I heard yesterday that Obama and Cos plan is to eliminate some of GMs most profitable vehicles, what are they? BIG TRUCKS!! So now they'll force GM to make more cars people dont want, and how will they ensure that they are profitable? THEY WILL RAISE THE GAS TAX TO MAKE PEOPLE BUY SMALLER CARS!!!
Do you ever stop and think what this all means? Stop and read the constitution!

Well said!!!

[likwid]

Originally Posted by RIJIMMY

I heard yesterday that Obama and Cos plan is to eliminate some of GMs most profitable vehicles, what are they? BIG TRUCKS!! So now they'll force GM to make more cars people dont want, and how will they ensure that they are profitable?

Funny, neither GM nor Ford can move a truck right now to save their lives...

Guess they're not so profitable anymore.

[Cool Beans]

Originally Posted by likwid

Funny, neither GM nor Ford can move a truck right now to save their lives...

Guess they're not so profitable anymore.

And you "facts" come from?

I found this on Routers and on CNN. To me it looks like the #1 and #2 spots are still TRUCKS. Yes sales accross the board have fallen almost 50%, but even so they still outselling the Camry.

March 3 (Reuters) - The following are the 20 top-selling vehicles in the United States through February 2009 as reported by automakers.

Following is a list of the top-20 selling vehicles, ranked by total units.
RANK VEHICLE 2009 2008 '08 RANK % Chng
1 Ford F-Series P/U 48,851 93,673 1 -47.8
2 Chevy Silverado-C/K P/U 43,775 80,218 2 -45.4
3 Toyota Camry 41,416 66,515 3 -37.7
4 Toyota Corolla 37,341 41,938 4 -11.0
5 Honda Accord 32,557 51,588 6 -36.9
6 Nissan Altima 30,137 44,998 9 -33.0
7 Honda Civic 29,885 44,792 8 -33.3
8 Dodge Ram P/U 27,291 42,544 5 -35.9
9 Honda CR-V 25,513 31,710 11 -19.5
10 Chevrolet Malibu 20,828 27,001 26 -22.9
11 Ford Escape 18,450 25,383 17 -27.3
12 Ford Focus 17,673 27,902 15 -36.7
13 Toyota RAV4 16,432 21,274 18 -22.8
14 Ford Fusion 15,755 24,163 20 -34.8
15 Jeep Wrangler 15,450 13,225 +16.8
16 Toyota Prius 15,353 22,272 16 -31.1
17 Chevrolet Impala 14,867 42,740 7 -65.2
18 GMC Sierra P/U 14,420 28,288 12 -49.0
19 Mazda 3 13,996 14,472 -3.3
20 Chevrolet Cobalt 13,508 34,268 14 -60.6

[spence]

Originally Posted by Cool Beans

I found this on Routers and on CNN. To me it looks like the #1 and #2 spots are still TRUCKS. Yes sales accross the board have fallen almost 50%, but even so they still outselling the Camry.

Sales of trucks were stronger recently because of lower gas prices as well as HUGE incentives placed on these vehicles. That being said when you look at the top 10 on the list 7 are small cars. Doing some quick math indicates that even with the stronger sales of trucks, they were still declining 10% faster in unit sales than small to mid size vehicles.

While the margins may usually be higher on the trucks, considering the incentives required to get the number up, one would really have to wonder if those vehicles aren't nearly as profitable as they were in the past.

-spence

[likwid]

Originally Posted by Cool Beans

And you "facts" come from?

I found this on Routers and on CNN. To me it looks like the #1 and #2 spots are still TRUCKS. Yes sales accross the board have fallen almost 50%, but even so they still outselling the Camry.

I don't care about rank, its the fact that a 50% fall in sales is pathetic.

And lets notice who the 2 BIGGEST LOSERS are.
Ford
Chevy

Least sales drop? Toyota.
Jeep is kind of a conundrum. They're effing terrible on gas yet people equate "small" with "economy".

[striperman36]

Originally Posted by likwid

.
Jeep is kind of a conundrum. They're effing terrible on gas yet people equate "small" with "economy".

My Liberty diesel gets 25 mpg, not as good as I would like with a 2.8l engine but much better than the gas version

[likwid]

Originally Posted by striperman36

My Liberty diesel gets 25 mpg, not as good as I would like with a 2.8l engine but much better than the gas version

They listed the Wrangler in the list, not the Liberty, but kudos to Jeep for making a diesel version of the Liberty.

25mpg isn't that great but considering its technically an SUV (I know my Wrangler got like.... 15?) thats pretty good.

[Raider Ronnie]

Mark my word
GM will eventually file for bankruptcy and doing this will void the current union contract, then they will start over !
The days of pretty unskilled assembly line workers making more than $70 per hr are over !

[spence]

Originally Posted by RIJIMMY

Spence, I really am amazed at your lack of any critical thnking unless it is directed at peoples posts. Are you able to look at all into the future? I heard yesterday that Obama and Cos plan is to eliminate some of GMs most profitable vehicles, what are they? BIG TRUCKS!! So now they'll force GM to make more cars people dont want, and how will they ensure that they are profitable? THEY WILL RAISE THE GAS TAX TO MAKE PEOPLE BUY SMALLER CARS!!!
Do you ever stop and think what this all means? Stop and read the constitution!

Yes Jimmy, I don't think critically at all

Perhaps you should try to evaluate an issue from more than your narrow perspective before letting the spittle fly onto your keyboard.

SUV's and trucks may have been profitable in the past but sales of new units have dropped dramatically in the past few years.

You work in fianance so I'm sure you can comprehend this, right?

Higher profit margins are relative to volume. It doesn't make any sense for a company to restructure based on a business model that has proven to be unbalanced.

The Government is putting pressure on GM to adopt a restructing plan based on GM's failure to meet obligations it agreed to by taking Billions in loans last year.

This notion that the Government is dictating what kind of car you're going to be able to drive is simply absurd. You can still buy that SUV you've always dreamed about. It may cost you more to operate, but perhaps it should as well. Large cars and trucks have benefited from artifically low gas prices for decades due to Government actions, and as we've seen the balance is simply not sustainable.

-spence

[RIJIMMY]

Originally Posted by spence

This notion that the Government is dictating what kind of car you're going to be able to drive is simply absurd. You can still buy that SUV you've always dreamed about. It may cost you more to operate, but perhaps it should as well. Large cars and trucks have benefited from artifically low gas prices for decades due to Government actions, and as we've seen the balance is simply not sustainable.

-spence

Yes, its absurd.
I guess I was having some wacky paranoid dream, thanks for waking me up. I dreamed that the government passed salary caps on major bank executives salaries, then I dreamed that congress proposed a 90% bonus tax, then its gets even MORE bizzare, I dreamed that the President of the United States guranteed warranties on Chrysler and GM cars and to top it all of he fires the president of GM. WHoa! That was wild. I can't even imagine in my wildest dreams Obama would further ensure GMs stability by manipulating gas prices or legistlation that would push people to buy GM. This is America after all.

[spence]

Originally Posted by RIJIMMY

I dreamed that the government passed salary caps on major bank executives salaries,

Only on banks taking TARP money.

then I dreamed that congress proposed a 90% bonus tax

The House can propose anything but this wasn't signed into law was it?

I dreamed that the President of the United States guranteed warranties on Chrysler and GM cars

A temporary program aimed to boost consumer confidence in an organization that the taxpayer has a large stake in.

and to top it all of he fires the president of GM.

Actually they asked him to step down because GM didn't meet the obligations they agreed to by taking taxpayer money, but...

I could of course bring up my dreams from the last 8 years, but Bush isn't in office any more so I'll pass...

-spence

[Cool Beans]

Originally Posted by spence

I could of course bring up my dreams from the last 8 years, but Bush isn't in office any more so I'll pass...

-spence

So at least that one dream came true huh? No more Bush....

I'll be having nightmares for at least the next 4 years........