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Getbig Main Boards => Politics and Political Issues Board => Topic started by: blacken700 on January 20, 2012, 04:03:38 PM
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(Reuters) - General Motors Co reclaimed its title as the world's top selling automaker for the first time since 2007, after sales of more than 9 million vehicles globally in 2011.
GM's return to the top slot comes more than two years after its taxpayer-funded bankruptcy restructuring that allowed the Detroit-based automaker to cut its spiraling legacy costs.
GM vaulted to the top spot last year for the first time since 2007. In 2008, GM's global sales fell 11 percent, allowing Toyota Motor Co to overtake GM for the first time.
In 2011, Toyota's sales were hurt by severe production cuts following an earthquake, tsunami and nuclear crisis in Japan as well as severe flooding in Thailand.
http://news.yahoo.com/gm-emerges-worlds-top-selling-automaker-2011-230732416.html
FYI, Business Genius Mitt Romney said... Let Them Die.
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It took a massive earthquake to hurt their competitors and moving operations to China to get there. Wooppieeee.
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Didn't every single Chevy Volt just get recalled?
You know, the car of the future-- the same one the government had to bribe everyone 10 thousand dollars to buy-- And they only sold like 6 thousand? That GM?
::)
Happy Days Are Here Again!
Thank You President Osama!
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Didn't every single Chevy Volt just get recalled?
You know, the car of the future-- the same one the government had to bribe everyone 10 thousand dollars to buy-- And they only sold like 6 thousand? That GM?
::)
Happy Days Are Here Again!
Thank You President Osama!
I'm not about to back what we were forced to do for GM but you can't judge an auto company by one single product. The Volt is indeed a disaster and waste of money but what else have they done? There's other GM results that are selling crazy.
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Camaro was a large selling factor for them I believe.
Everything that isnt a Corvette, Camaro, or performance Cadillac is a POFS IMHO.
Actually, GM's truck division is OK too. But their cars fucking suck ass, unless like stated above, its one of their 2 performance flagships.
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Camaro was a large selling factor for them I believe.
Everything that isnt a Corvette, Camaro, or performance Cadillac is a POFS IMHO.
Actually, GM's truck division is OK too. But their cars fucking suck ass, unless like stated above, its one of their 2 performance flagships.
I agree with all that. Gotta love the new Camaro... I didn't like it at first but it grew on me big. My all time favorite car is the 68 Camaro (not the fucking 69 everyone loves). The 68 is absolute perfection.
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I agree with all that. Gotta love the new Camaro... I didn't like it at first but it grew on me big. My all time favorite car is the 68 Camaro (not the fucking 69 everyone loves). The 68 is absolute perfection.
If I had the money , I would get a yellow vette w black leather interior convt.
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If I had the money , I would get a yellow vette w black leather interior convt.
yea, that sounds sweet. good choice. I love the yellow vettes. I'm after one of the original 68' 396 Camaros w black exterior and red interior. That be the car I want :)
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yea, that sounds sweet. good choice. I love the yellow vettes. I'm after one of the original 68' 396 Camaros w black exterior and red interior. That be the car I want :)
for some reason, the yellow in the vette really screams SUPERCAR. he other colors not so much.
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for some reason, the yellow in the vette really screams SUPERCAR. he other colors not so much.
I do love the yellow.
another one I would love is the green 71 Hemi Cuda... oh yea...
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I do love the yellow.
another one I would love is the green 71 Hemi Cuda... oh yea...
I .lve the old muscle cars, especially in black w the cragars
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Funny, because I remember Democrats and pretty much everyone from all political viewpoints here in MI saying that the auto companies must be bailed out... two of them were bailed out, and then GM had to file for bankruptcy anyway. And now after the bankruptcy, GM is the top dog again? Doesn't that show you that the bail outs were unnecessary and that bankruptcy was the way to go from day one?
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Funny, because I remember Democrats and pretty much everyone from all political viewpoints here in MI saying that the auto companies must be bailed out... two of them were bailed out, and then GM had to file for bankruptcy anyway. And now after the bankruptcy, GM is the top dog again? Doesn't that show you that the bail outs were unnecessary and that bankruptcy was the way to go from day one?
DAYUM YOU AND YOUR DETAILS ROARK!!!!
I dooubt blacken even knows how bankruptcy works let alone its role in GM
I had to do multiple papers/presentations on them and the auto industry for a financial statement analysis class and the bankruptcy helped them tremendously. If you look at their debt ratios before its not hard to see at all.
If I remember correctly I think their tie was like 1.5 or something before going into bankruptcy.
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GM HAD to be bailed out. Awful management coupled with the UAW and some bad products sunk them. However, even in bankruptcy, they had many important patents on a wide variety of technologies that extended beyond just transportation. Had they gone into insolvency, the Chinese would've snapped all of it for pennies on the dollar.....American ingenuity bought by the Chicoms......not good. As for Chrysler, the Obama administration was extremely close in letting it go under...it was truly a miracle Chrysler was saved.
GM's cars have improved greatly. The newer Malibu is actually a helluva nice ride and comparable to the Accord and Camry in every way. The new Sonic "shitbox" is well-made and a massive upgrade over the Korean-built Aveo. Their trucks continue to be top notch. I'm just pissed they did away with the Hummer, though I know it gave them a horrible reputation. I currently own an '05 H2 and GM should've dropped a damn Duramax in those things.
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Town Uses Federal Funds to Buy Chevy Volts
Submitted by Mark Modica on Fri, 11/18/2011 - 08:41
Every once in a while I come across an article that sheds light on what a boondoggle the green initiatives of the Obama Administration are. The latest evidence comes as General Motors tries to prove high consumer demand for the Chevy Volt as it tries to meet its goal of 10,000 vehicles sold in 2011. The Orlando Sentinel reports that the town of DeLand, FL is buying five Chevy Volts. That is not the disturbing part of the story. The article reports that the town is using taxpayer money it has received from a $1.2 million federal grant that is earmarked partially to help with the purchase of alternative-fuel vehicles and other energy-efficient upgrades, including electrical charging stations at City Hall. From the information I gathered on DeLand, it has a population of about 25,000 people.
GM has recently stated that it has approved sales of an additional 2,300 Volts that were used as demos at dealerships. This supposedly brings supply up to about 4,100. As is usually the case at GM, the numbers don't quite add up as over 3,000 Volts have been listed for sale on cars.com prior to the release of the demos, however, I am sure that GM will claim that the increased supply led to the additional purchase of thousands of Volts by consumers. At the same time, the Obama Adminstration is funding localities to buy the vehicles.
The rate at which taxpayer money is being spent on green initiatives is ridiculous. $1.2 million for a town to go green by buying Volts?! How much more of this waste is being unreported and why doesn't the mainstream media criticize actions like these? I recently found that GM was selling Volts cheap to municipalities. I now find that the town of Babylon, NY (which purchased Volts at $29,500 each) also received a grant made possible by the federal government called the "ChargePoint America Program," as noted in this Town of Babylon website. Utility companies get a piece of the pie as well; 64 Volts have been purchased as part of a program financed by a $30.5 million dollar federal grant. How strong can Volt consumer demand be if GM is slashing prices to sell to localities? Why did GM cancel plans for a second shift to build Volts if supply can't keep up with demand?
I recently spoke to a sales associate at a local Chevy dealership who told me that demand from individual consumers for the Volt is practically non-existent. This is not the first time I have heard this. He confirmed that their dealership had not been allowed to sell their demo, but he also told me that the one other Volt in stock has had no interest in it for weeks, with the exception of what he called "gawkers." Even GM itself has admitted that the Volt has been used as a "lure" to bring consumers to showrooms in order to help sell Chevy Cruzes. A very expensive, taxpayer-funded lure.
Lack of supply can no longer be blamed for low Volt sales. The media, more specifically auto journalists, should be skeptical of Volt demand claims. Anyone who wants to play investigator and obtain the truth about Chevy Volt demand can go on cars.com to track inventory (complete with VIN identification) and speak to sales associates at local dealerships to inquire about Volt demand. Many salepeople would be willing to share the truth about the low demand (at least from individual consumers) on the Volt, something Government Motors has been unwilling to do. Selling Volts to fleets and municipalities at the expense of taxpayers is not something to brag about.
So what's next in the Chevy Volt fiasco? I expect that crony corporation, GE, will start to make good on their promise to buy 25,000 Chevy Volts, just in time for GM to reach or come near their 2011 goal of 10,000 Volts sold. GE can then take tax credits and go on to make money selling tax-subsidized charging stations. The Obama Administration has proven it will go to any ends to show that their green initiatives are successful, including giving millions of dollars to localities to buy Volts. General Motors has shown that they will continue to dishonestly trumpet high consumer demand for the Volt, despite the facts that indicate otherwise. Taxpayers continue to foot the bill in order for GM to tout a vehicle that would not be feasible without huge subsidization and worse yet, the main purpose of the vehicle was to act as a "halo" car to draw consumers into showrooms only as part of a bait and switch strategy. Enough is enough, congress should investigate the costs vs benefits of the green initiative folly that is putting our country further in debt while doing little to help the economy.
Mark Modica is an NLPC Associate Fellow.
http://nlpc.org/stories/2011/11/10/deland-fl-buy-chevy-volts-taxpayers%E2%80%99-expense-gm-tries-meet-goals
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GM HAD to be bailed out. Awful management coupled with the UAW and some bad products sunk them. However, even in bankruptcy, they had many important patents on a wide variety of technologies that extended beyond just transportation. Had they gone into insolvency, the Chinese would've snapped all of it for pennies on the dollar.....American ingenuity bought by the Chicoms......not good. As for Chrysler, the Obama administration was extremely close in letting it go under...it was truly a miracle Chrysler was saved.
GM's cars have improved greatly. The newer Malibu is actually a helluva nice ride and comparable to the Accord and Camry in every way. The new Sonic "shitbox" is well-made and a massive upgrade over the Korean-built Aveo. Their trucks continue to be top notch. I'm just pissed they did away with the Hummer, though I know it gave them a horrible reputation. I currently own an '05 H2 and GM should've dropped a damn Duramax in those things.
I agree with this.
I would not want Russia or China to own any of that shit.
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EXCLUSIVE: GM Dealers Get Chevy Volt Tax Credit for Sales to Gov't (Outrageous)
NLPC ^ | February 22, 2012 | Mark Modica
Posted on Wednesday, February 22, 2012 12:56:02 PM by jazusamo
I discovered an interesting fact while reviewing the 2011 IRS form 8936 used for the $7500 EV tax credit. While under most circumstances it is the wealthy purchasers of Chevy Volts and other high priced plug-in vehicles that get the taxpayer-funded handout, it appears that General Motors' dealerships that sell the vehicles to government entities are benefiting by being able to claim the credits. These dealers are able to double-dip into the seemingly endless pool of taxpayer funds designated for cronies of the Obama Administration under the guise of green initiatives. Not only do taxpayers pay for Chevy Volts purchased by various government "units," the sellers can claim the credits which were designed to help individuals be able to afford the costly vehicles.
The instructions for form 8936 state, "If you are the seller of a qualified plug-in electric drive motor vehicle to a tax-exempt organization, governmental unit, or a foreign person or entity, and the use of that vehicle is described in section 50(b)(3) or (4), you can claim the credit, but only if you clearly disclose in writing to the purchaser the amount of the tentative credit allowable for the vehicle (from line 6 of Form 8936)."
I'll let others debate this latest discovery of what I consider to be a wasteful and abusive green energy policy of the Obama Administration that benefits cronies and helps with the President's election campaign. I think the facts speak for themselves, but that won't stop the GM shills and defenders of the Chevy Volt from trying to justify tax credits designed for consumers going to dealerships. Maybe someone in the vast, apathetic (or, perhaps more accurately, "biased") journalistic field will also like to question how much tax credits crony corporation, General Electric, will receive for their thousands of purchases of Volts.
Mark Modica is an NLPC Associate Fellow.
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GE “Forcing” Employees Into Chevy Volts
gas2.org ^ | 2/20/12 | Christopher Demorro
Posted on February 23, 2012 2:04:13 AM EST by Lmo56
General Motors and General Electric are two companies that have been in the political crosshairs lately. GM stands accused of “crony capitalism,” while GE is under fire for paying no Federal income taxes in 2010. The two companies share more than that though, with GE placing an order for 12,000 Chevy Volts and other hybrid vehicles.
A memo leaked to Green Car Reports lays out GE’s plans for their new fleet of Volts, and as expected, it has some people crying foul.
The memo, sent to employees of GE Healthcare Americas team explains that all sedan, crossover, and minivan purchases in 2012 will be replaced by the Chevy Volt. Only field engineers are excepted from having to drive a company Volt.
GE will offer estimates for installation Level 2 Charging Stations, though all-gas use will be allowed when there is no electric option. Any employees who opt out of the Volt program will not be compensated for their expenses. Those who do choose to drive the Volt will be reimbursed for public charging and home charging costs, in addition to gas uses.
While some people are probably put off by having to drive a Volt, GE claims to have crunched the numbers and believes that in the long term, this will save the multi-national company big bucks. More than that though, GE is positioning itself as a big player in the EV charging market. Getting employees into Volts also means getting charging stations into homes.
It’s a bold move to be sure, and it will hopefully prove to be a boon to the Volt’s flagging sales numbers. GM had hopped to sell as many as 60,000 Volts in 2012, before dropping that number to 45,000. Will they even make that number though? Hard to tell, though GE’s business will go a long way towards giving the Volt some sales momentum.
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wait - so these are free company cars?