Why GM stocks are tanking?

[Msmith]

When GM folded last year and wiped out part of my retirement nest eggs/children college funds, I still hoped that given a fresh start with no baggage I might actually be a fool and reinvest its stock again. The IPO was $34 and the price did climb to about $38, but now it is $26! No, I didn't put any money in it but I just scratch my head while the stock is so bad? It does have a consecutive monthly profit and it sales in July was over 7% while the nationwide auto sale was in 1%.

[Dayze]

Originally Posted by Demonpenz

I bought a chevy a couple years ago and it exploded killing my wife and kids. Chevy wouldn't even replace the vehicle.

did you at least purchase the Rust Proofing and Fabric Scotch guard options?

[acarter25]

Originally Posted by PunkinDrublic

I blame liberals and the damn unions.

[loochy]

Originally Posted by PunkinDrublic

I blame liberals and the damn unions.

That's actually a good overall approach for life.

[Reerun_KC]

Originally Posted by BossChief

it didnt throw up a red flag with how many USED 2010 ones there were for sale?

With the model year end sales already going on, or getting ready to start, you probably could have gotten a brand new Nissan Altima Hybrid (that gets 33 MPG with 200 hp) for the same coin.

Guys, go look at consumer reports to see for yourself how much a difference there is in reliability between Nissans or Toyotas and Chevy cars.

Its sad.

Especially being that the Chevys are more expensive.

On a Toyota brochure, it states that 80% of all cars/trucks they have made in the last 15 years are still on the road.

I bet Chevy is more like 50%...if that.

Nope were good. have purchased my last 3 cars from the same dealership. have a great relationship with a couple of people in there... It was about the easiest deal we have done to date.

Wife loves it. good warranty. She is happy, I am happy...

[CrazyPhuD]

Originally Posted by ChiefaRoo

This might be one of the most uninformed posts of all time. "Errr, Apple could easily go bankrupt in ten years"


They have 76Billion of cash on hand. Even if you believed that their entire product line was vulnerable to competition and obsolescence they could play defense like Microsoft has and still be around in ten years by using the money to acquire competitors and bringing new products to market.

Now now this post is far less informed than mine. Obviously it's designed to be somewhat of a exaggeration because of the cash position but you might be surprised how easy it is for a company to burn through a believed strong cash position. What many people may have forgotten is that apple has been in the same position they are today before. They had dominance of the PC industry for some time, but due to a set of missteps they lost that and allowed MS to take over their position.

The concern is that they are making many of the same mistakes again that they made before. Given that, why do you expect a different outcome than before? Making mistakes is natural, failing to learn from them is where it is inexcusable. The big difference is that the computer market as a whole is quite a bit larger than before so their limited dominance has allowed them to build a better cash cushion than during the 80s/90s. Cash is only useful if you can use it well, if you can't it may only prolong the inevitable. It's a nature of life that not many people are willing to tell the emperor that he's wearing no clothes.

It's not popular to say that apple is running the significant risk of falling yet again, but that does not make it any less true.

[tomahawk kid]

Originally Posted by Dayze

i recently ditched my '05 Malibu; had 88k miles on it. While overall it was a decent car, I couldn't believe how the quality degraded over the 6 years I owned it. I bought it with only 20k miles on it.
Replaced the intermediate steering shaft at 40k miles, and again at 65k; and it was ready for another at 80k but I decided I wouldn't replace it. Service bulletin issued, but they wouldn't replace it; so $350 a pop to replace it.

Rear window wiper would just come on for no reason and shut itslef off when it chose too. Constant alignment issues. Ignition would sometimes stay on after I stopped turning the key, causing the engine to continually try to 'start' (if that makes any sense); Radio would have random buzzing for no reason for several days, then go a week or so with clear sound, then it would start again. Power sterring/steering assist would stop working at random times, mostly in slow turns.

both seat fold-down lever thingys broke off

Rear plastic on the back of the front seats came loose on the passenger seat; so I had this dangling plastic piece the size of the seat always dangling around.


Overall, it was at least 'reliable' in that nothing blew up on it, never left me stranded etc; just very disappointed as a whole with the vehicle. Bought used VW Rabbit last month; 3 years old; 40k miles; four new goodyears, and new brake pads; 5 speed; for $13k. Fit/finish etc is night and day better. My Malibu at the same age was beginning to fall apart/have constant issues.

Had the same issues with steering, as well as the interior.

We also had to replace the compressor on it less than 6 months after the steering went.

[Stewie]

Originally Posted by BossChief

You can get a decked out corolla for 4k less than a base model Malibu and the reliability record on Consumer reports is night and day.

Shit, you can get a Altima Hybrid for about the same price as a Malibu.

If Chevy wants to make a sub average car (as they are rated in nearly every place that researches them) they should sell them for cheap as hell.

Let me ask you this...if you went to the store and Ribeye steak was the same price as ground beef, wouldnt you get the steak?

I sure as hell would.

I drive a Toyota. Ya know, the one that made headlines for years about unexpected acceleration that proved to be a red herring?

Where were the headlines about GM cars that have so many problems?

I saw a snippet about Ford truck gas tanks falling off. The Toyota story was everywhere for days. I don't think I can find the Ford story unless I dig.

[The_Doctor10]

Originally Posted by CrazyPhuD

Now now this post is far less informed than mine. Obviously it's designed to be somewhat of a exaggeration because of the cash position but you might be surprised how easy it is for a company to burn through a believed strong cash position. What many people may have forgotten is that apple has been in the same position they are today before. They had dominance of the PC industry for some time, but due to a set of missteps they lost that and allowed MS to take over their position.

The concern is that they are making many of the same mistakes again that they made before. Given that, why do you expect a different outcome than before? Making mistakes is natural, failing to learn from them is where it is inexcusable. The big difference is that the computer market as a whole is quite a bit larger than before so their limited dominance has allowed them to build a better cash cushion than during the 80s/90s. Cash is only useful if you can use it well, if you can't it may only prolong the inevitable. It's a nature of life that not many people are willing to tell the emperor that he's wearing no clothes.

It's not popular to say that apple is running the significant risk of falling yet again, but that does not make it any less true.

If GM is too big to fail, wtf do you do if Apple or Google fail?

[ChiefaRoo]

Originally Posted by CrazyPhuD

Now now this post is far less informed than mine. Obviously it's designed to be somewhat of a exaggeration because of the cash position but you might be surprised how easy it is for a company to burn through a believed strong cash position. What many people may have forgotten is that apple has been in the same position they are today before. They had dominance of the PC industry for some time, but due to a set of missteps they lost that and allowed MS to take over their position.

The concern is that they are making many of the same mistakes again that they made before. Given that, why do you expect a different outcome than before? Making mistakes is natural, failing to learn from them is where it is inexcusable. The big difference is that the computer market as a whole is quite a bit larger than before so their limited dominance has allowed them to build a better cash cushion than during the 80s/90s. Cash is only useful if you can use it well, if you can't it may only prolong the inevitable. It's a nature of life that not many people are willing to tell the emperor that he's wearing no clothes.

It's not popular to say that apple is running the significant risk of falling yet again, but that does not make it any less true.

Oh ok. I guess my bad? or, not.

You read like TipTap by the way.

[Stewie]

Originally Posted by Unleash_the_Phury

If GM is too big to fail, wtf do you do if Apple or Google fail?

Move on. Those companies are a zit on a gnat's ass.

[Deberg_1990]

Ill just say this about GM.....ive owned Honda, Toyota and GM cars in my life. When you sit in a Honda and Toyota you can see and feel the quality through and through. GM cars look and feel cheap.

[loochy]

Originally Posted by Deberg_1990

Ill just say this about GM.....ive owned Honda, Toyota and GM cars in my life. When you sit in a Honda and Toyota you can see and feel the quality through and through. GM cars look and feel cheap.

That is a very broad generalization.

So you can feel the quality in a Scion xB but a Caddy CTS feels cheap?

[Bugeater]

Originally Posted by BossChief

because they continue to make junk cars and charge just as much as cars that are far more reliable.

next question

Not if you buy them used.

Originally Posted by Bump

In the mid 80's they realized that if they stop making cars with high quality and good longevity, they will sell more cars. Now, they and the consumers are paying the price for their greed. I've wondered why a company doesn't come out and be like, "hey, let's make cars like we did in the 70's??!??" It seems like too good of an idea to actually happen, there is probably a hidden law or an unwritten rule against that.

The cars built in the 70s were pretty horrible as well.

Originally Posted by BossChief

it didnt throw up a red flag with how many USED 2010 ones there were for sale?

That generally means that it is a very popular rental car. You know, the kind of stuff legendary driving machines are made of.

[Brock]

Originally Posted by loochy

That is a very broad generalization.

So you can feel the quality in a Scion xB but a Caddy CTS feels cheap?

Apples to apples would be Lexus vs. Caddy.

[BossChief]

Originally Posted by Deberg_1990

Ill just say this about GM.....ive owned Honda, Toyota and GM cars in my life. When you sit in a Honda and Toyota you can see and feel the quality through and through. GM cars look and feel cheap.

absolutely.

Go test drive an Altima and then drive an Impala.

Not even close

Originally Posted by Brock

Apples to apples would be Lexus vs. Caddy.

4 years later the bumper falls off the caddy and the Lexus sells used for within 10% of a new one.

America needs to step the **** up in the car market