Government Motors

"taxpayers will lose around $30 billion on G.M."

http://www.nytimes.com/2010/05/02/business/02gret.html

Truth seekers the nation over, therefore, are indebted to Senator Charles E. Grassley, Republican of Iowa, who in recent days uncovered what he called a government-enabled “TARP money shuffle.” It relates to General Motors, which on April 21 paid the balance of its $6.7 billion loan under the Troubled Asset Relief Program.
<snip> ...“So it’s good news in that they’re reducing their debt,” Mr. Barofsky said of G.M. But he went on to note that G.M. was using other taxpayer money to make the loan repayment,
<snip> It’s certainly understandable that G.M. would want to spin its repayment as proof of improving operations. But Mr. Grassley said he was troubled that the Treasury went along with the public relations campaign and didn’t spell out how the loan was retired.
<snip> “Much of it will never be repaid,” Mr. Grassley added. “The Congressional Budget Office estimates that taxpayers will lose around $30 billion on G.M.” ...BT(break transmision)
 
For Release: May 3, 2010


Chevrolet-Buick-GMC-Cadillac Sales Increase 20 Percent in April

• Combined Retail Sales for Chevrolet, Buick, GMC and Cadillac Increase 33 percent
• Seventh Consecutive Month of Combined Sales Gains for GM’s Four Brands
• Calendar-Year-to-Date Sales for GM’s Four Brands are up 31 Percent </I>


DETROIT – A combined retail sales increase of 33 percent for Chevrolet, Buick, GMC and Cadillac propelled total sales for GM’s four brands in the U.S. to 183,091 during the month. This represents a 20-percent increase from a year ago. For the calendar year-to-date, combined total sales for Chevrolet, Buick, GMC and Cadillac are up 31 percent.
The continued year-over-year sales increases are largely being driven by the company’s launch products, which now represent one of every four GM vehicles sold at retail. Year-to-date, combined sales of the Chevrolet Camaro, Chevrolet Equinox, Buick LaCrosse, GMC Terrain and Cadillac SRX are up nearly 300 percent, at 110,176, compared to the vehicles they replaced.
“Clearly, our launch vehicles are hitting the mark with consumers who are looking for bold styling, quality, safety and fuel efficiency,” said Steve Carlisle, vice president of U.S. Sales Operations. “But our results aren’t limited to just our newest vehicles. Sales of our full-size pickups and our mid-sized crossovers continue to strengthen.”
Retail sales of GM’s full-size pickups, the Chevrolet Silverado, Avalanche and GMC Sierra were up a combined 20 percent in April, and are up 8 percent year-to-date. Retail sales of GM’s mid-sized crossovers – the Chevrolet Traverse, Buick Enclave and GMC Acadia – increased 26 percent in April and are 15 percent higher year-to-date.
“The good news is that we have more on the way, including the all-new Buick Regal this spring and the Chevrolet Cruze in the third quarter,” added Carlisle.
Chevrolet dealers reported sales of 135,369 – 17 percent higher than April, 2009. Retail sales for the brand were 32 percent higher for the month. Retail sales of the Chevrolet Malibu surged 38 percent for the month – the seventh consecutive month of year-over-year sales increases. The Chevrolet Silverado, Equinox, Traverse and Camaro all posted year-over-year retail sales increases of 20 percent or more (read more)

Buick sales rose 36 percent for the month to 12,181 – the seventh consecutive month of double digit year-over-year sales increases. Retail sales for Buick rose 42 percent during April. Buick LaCrosse had its best retail month since 2005, with an increase of 237 percent for the month. Year-to-date sales of the LaCrosse have increased 154 percent, with 42 percent of sales coming from consumers who replaced a non-GM vehicle (read more)
GMC sales of 24,224 were 18 percent higher than last year, while retail sales for the brand were up 37 percent. Sales were led by retail sales of the GMC Terrain, which were up 537 percent for the month versus the vehicle it replaced. For the year, sales of the Terrain are up 313 percent. The Terrain continues to attract new customers to the brand, where 46 percent of buyers are trading in a non-GM make (read more)
Cadillac sales increased 36 percent to 11,317, while retail sales improved 31 percent for the month. April retail sales of the SRX were 504 percent higher than a year ago, and are up 405 percent for the year. The SRX continues to bring new customers to the Cadillac brand. Year-to-date, 49 percent of SRX buyers traded in a competitive brand (read more)
Month-end dealer inventory in the U.S. stood at about 430,000 units, which is about 3,000 higher compared to March 2010, and about 311,000 lower than April 2009.
April Key Facts:
  • Chevrolet: total sales up 17 percent compared to a year ago; retail sales up 32 percent; Chevrolet Equinox retail sales increased 276 percent; Camaro retail sales continued to set the pace for the sport segment with 7,830 deliveries; Chevrolet Traverse retail sales were up 30 percent for the month, and are up 10 percent for the year; Silverado retail sales were up 23 percent, the second consecutive month with a retail sales increase of 20 percent or more.
  • Buick: total sales up 36 percent; retail sales up 42 percent; Buick LaCrosse retail sales rose 237 percent and are up 154 percent for the year; Buick Enclave retail sales rose 29 percent in April and are up 11 percent for the year.
  • GMC: total sales up 18 percent; retail sales up 37 percent; GMC Terrain retail sales were up 537 percent for the month and 313 percent for the year; GMC Acadia retail sales increased 20 percent for the month and are up 26 percent year-to-date
  • Cadillac: total sales up 36 percent; retail sales up 31 percent; Cadillac SRX retail sales were up 504 percent for the month and 405 percent for the year; Cadillac CTS had its best month of the year, with retail sales up 9 percent vs. March.
  • Fleet sales for GM’s four brands were 58,000 for the month, down 2 percent vs. the prior year.
  • Crossovers for GM’s four brands doubled sales in April compared to last year.
  • Combined Total and Retail sales for Chevrolet, Buick, GMC and Cadillac have increased year-over-year for seven straight months.
About General Motors: General Motors, one of the world’s largest automakers, traces its roots back to 1908. With its global headquarters in Detroit, GM employs 217,000 people in every major region of the world and does business in some 140 countries. GM and its strategic partners produce cars and trucks in 34 countries, and sell and service these vehicles through the following brands: Buick, Cadillac, Chevrolet, FAW, GMC, Daewoo, Holden, Opel, Vauxhall and Wuling. GM’s largest national market is the United States, followed by China, Brazil, Germany, the United Kingdom, Canada, and Italy. GM’s OnStar subsidiary is the industry leader in vehicle safety, security and information services. General Motors acquired operations from General Motors Corporation on July 10, 2009, and references to prior periods in this and other press materials refer to operations of the old General Motors Corporation. More information on the new General Motors can be found at www.gm.com.
 
I don't know if that's a sarcastic mosaic or a yippee Ki-yay billboard, but let's look at the fine print.

General Motors Co., Ford Motor Co. and Toyota Motor Corp.’s April U.S. sales increases missed analysts estimates amid the “ebb and flow” of the economic recovery..."Incentives are just not doing the job that they were before,” said Michelle Krebs, an analyst at research firm Edmunds.com in Santa Monica, California. “By the end of the month, their effectiveness was waning. If the industry is going to rely on incentives, they’ve got to find new tricks for May.”
http://www.businessweek.com/news/20...ril-sales-gains-trail-estimates-update2-.html
 
Then (2007):
Blackstone IPO
In essence, the skeptics accuse Blackstone of abiding by that old Wall Street adage: When the smart money dries up, it's time to chase the dumb money.
http://www.marketwatch.com/story/blackstone-ipo-is-the-smart-money-cashing-out

Now (2010):
GM IPO
Now the what-if question for increasingly bullish investors convinced the worst is behind for the battered sector: What's the industry's playbook for a possible double-dip?
http://www.reuters.com/article/idUSTRE6496TK20100510
 
Job losses of 25% since the bailout.... that could qualify as a post under the Deflation Thread, but this article specifically hammers GM. How sad is it that this IPO will get UNLOADED to unsuspecting believers in a few months?
The White House pitched this costly taxpayer-funded bailout as a bid to save American jobs. But in reality, GM's reported U.S. employment shrank by nearly 25% just since last year's bailout and is almost certain to continue falling.

Since GM has lost additional billions of dollars and seen a continued decline in its market share after it formally emerged from bankruptcy last year, it remains unclear how much (if any) of this "investment" taxpayers will get back.
http://www.investors.com/NewsAndAnalysis/Article.aspx?id=534273
 
Job losses of 25% since the bailout.... that could qualify as a post under the Deflation Thread, but this article specifically hammers GM. How sad is it that this IPO will get UNLOADED to unsuspecting believers in a few months?
http://www.investors.com/NewsAndAnalysis/Article.aspx?id=534273


It is true that 25% of GM jobs went away.

It is also true that 202,000 GM jobs remain. And the company is building cars now at far lower expense. And that the quality of the products remaining is exceptionally good, and sales are now growing again.

If they hadn't saved GM, those 202,000 people would be out of work, and not just them- there are perhaps a million more tied to those 202,000 that would be out of work as well. You can't just count the GM jobs- you also have to look at all the suppliers, dealers, etc that tie to that company to get a real picture of the potential adverse job impact GM going out of business would have meant.
 
Good news: GM's Cars are getting pretty good ratings these days...

Bad news: with all the recalls of foreign cars. :suspicious:

Arrgh...uninsured red light runner did in our car. We are ok. What to buy. Sigh, about to punt and buy used.
 
if i was shopping for a 'new' ride,

check out ford escape, they got a 4 cylinder hybrid fwd that does great in the city and developed areas.

not so good in the country with long stretches and hills and severe weather, but the 6 cylinder 4wd still gets great mileage and will get through whatever you need to out there.

late models are expensive, but a dang good ride, plus you get the moral benefit of supporting a company that saw the danger and positioned itself to avoid failure, reward success i say. seat foam is even made of a soy-based material for the greenies.

disclosure - i own ford stock in my private account.
 
Arrgh...uninsured red light runner did in our car. We are ok. What to buy. Sigh, about to punt and buy used.

Yes, glad no injuries..:)




To your question:

Is your car totalled?

If yes, What was your car that was totalled ? Did you like it, do you want another like it?

..what kind of monthly payment can you or do you want to afford?

This will help me or others to help you narrow down what to look for next..
I will say USED, low miles that was a program car/lease return are the better buys..Check out "Autotrader.com"
 
Download Sales Release
General Motors Sales Increase
21 Percent in November

Wed, Dec 1 2010

  • GM’s four brands are on track to gain market share for the year
  • Chevrolet monthly sales rise 18 percent; year-to-date sales are up 17 percent
  • Buick monthly sales increase 36 percent; year-to-date sales are up 54 percent
  • GMC monthly sales improve 30 percent; year-to-date sales are up 28 percent
  • Cadillac monthly sales increase 21 percent; year-to-date sales are up 38 percent
DETROIT– General Motors dealers reported 168,704 total sales in November, a 21-percent increase from the prior year for the company’s four brands. The gains were the result of balanced contributions from Chevrolet, Buick, GMC and Cadillac cars, crossovers and trucks. With sales for GM’s four brands up 22 percent through November, GM is on track to gain market share for the year.
November retail sales for the company’s brands rose 20 percent compared to a year earlier.
“Each brand came to the party in November,” said Don Johnson, vice president, U.S. sales operations. “These results show that our brands continue to gain momentum with consumers who want stylish, fuel-efficient vehicles.”


Source: GM.com
http://www.gm.com/news-article.jsp?id=/content/Pages/news/us/en/2010/Dec/1201_gmsales.html
 
Another 4.5 million shares unloaded by Canada Development Investment for a profit of $149.6 Million. Previously they sold 30 million shares for nearly $1 Billion on 11/23. Not to mention the UAW unloaded $2.1 Billion worth of stock on the 23rd as well. These are not options, these are open market sells.
http://www.insidercow.com/forms/2010113/0000950142-10-001778.xml

No worries. A see a few officers made purchases of 800 shares recently. Still a ways to go to offset over 100 million shares worth of insider selling alone.
 
GM sales up 21% in 2010 for Buick, Cadillac, Chevy and GMC
Christina Rogers / The Detroit News

General Motors Co.'s sales were up 21 percent in 2010 for its four core brands, and 16 percent for December compared with a year ago, the automaker announced today.

GM's four brands sold 118,435 more vehicles in 2010, its first full year out of bankruptcy, than it did with eight brands in 2009.



More than 10,000 of the new Cruze's sold. that's a postive sign.​
 
General Motors 2010 Calendar Year Sales Up 21 Percent; December Sales Increase 16 Percent – Best Month of 2010



2011-01-04




GM’s four brands sell 118,435 more vehicles in 2010 than eight brands did in 2009
  • GM December retail sales up 27 percent, best month in 2010
  • Chevrolet sales improve 16 percent in 2010
  • Buick sales rose 52 percent in 2010 – the highest improvement of any major brand
  • GMC increased sales 29 percent for the year
  • Cadillac sales gain of 35 percent in 2010 is the highest for major luxury brands
DETROIT– General Motors dealers reported 223,932 total sales in December, a 16-percent increase from a year ago for the company’s four brands. The gain was driven by solid retail sales which were 27 percent higher than a strong December a year ago. For the calendar year, total sales for GM’s four brands increased 21 percent to 2,202,927, while retail sales rose 16 percent for the year. GM’s four brands sold 118,435 more vehicles this year than the company did with eight brands in 2009, and will gain total and retail market share for the year.
More: http://media.gm.com/content/media/u...ontent/Pages/news/us/en/2011/Jan/0104_gmsales

Buick was a star- with sales up 40% year over year. Looks like Buick, with a much higher price point, is going to give far better profits to GM than Pontiac did. .

Turbo Regal is engineering wise a true game changer. Just watch.

Good products coming out now. Turbo Regal. Cruze. Malibu. All great cars.
 
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