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GM, Ford, and Chrysler Death Watch Thread

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Re: GM, Ford, and Chrysler Death Watch Thread

Unread postby mos6507 » Tue 22 Jul 2008, 16:58:24

$this->bbcode_second_pass_quote('cube', '')$this->bbcode_second_pass_quote('mos6507', '')$this->bbcode_second_pass_quote('strider3700', 'y')ou want to see a jump in GM's stock? declare that the ev1 molds are being dragged out of whatever factory they are sitting in and that one of the truck factories will be changed over with expected production to begin in 1-2 years. It can and probably would be a flat out lie but it would probably jump the stock a few bucks.


Lutz already shot down that fantasy.
They tried that already.
It was called the GM Chevy volt.
There was a lot of hype in the beginning but much like a bad porno movie it failed to deliver in the end. :roll:


I get your joke, but the Volt project isn't over--yet.
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Re: GM, Ford, and Chrysler Death Watch Thread

Unread postby mobil1 » Tue 22 Jul 2008, 21:07:44

$this->bbcode_second_pass_quote('mos6507', '')$this->bbcode_second_pass_quote('cube', '')$this->bbcode_second_pass_quote('mos6507', '')$this->bbcode_second_pass_quote('strider3700', 'y')ou want to see a jump in GM's stock? declare that the ev1 molds are being dragged out of whatever factory they are sitting in and that one of the truck factories will be changed over with expected production to begin in 1-2 years. It can and probably would be a flat out lie but it would probably jump the stock a few bucks.


Lutz already shot down that fantasy.
They tried that already.
It was called the GM Chevy volt.
There was a lot of hype in the beginning but much like a bad porno movie it failed to deliver in the end. :roll:


I get your joke, but the Volt project isn't over--yet.


Well by attempting to compress 10 years of engineering into 2 years, they've created a temporal anomaly that has reversed the flow of time and caused the Volt project to be over before it began.



Here lies the "Late Chevrolet Volt 2010-2006" (may she RIP).
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Re: GM, Ford, and Chrysler Death Watch Thread

Unread postby Peleg » Tue 22 Jul 2008, 21:35:13

$this->bbcode_second_pass_quote('mobil1', '
')
Well by attempting to compress 10 years of engineering into 2 years, they've created a temporal anomaly that has reversed the flow of time and caused the Volt project to be over before it began.

Here lies the "Late Chevrolet Volt 2010-2006" (may she RIP).


If we are willing to pop in a few trillion dollars into a hopped up electrical grid who knows what good may come of it.

BTW, I like your wit. rofl
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Re: GM, Ford, and Chrysler Death Watch Thread

Unread postby dunewalker » Tue 22 Jul 2008, 23:26:07

$this->bbcode_second_pass_quote('AlCzervik', '[')url=http://www.bloomberg.com/apps/news?pid=20601087&sid=asXjYQuEUW4Q&refer=worldwide]GM, Ford 'On the Verge of Bankruptcy,' Altman Says.[/url]


"By Greg Miles and Caroline Salas

July 22 (Bloomberg) -- General Motors Corp. and Ford Motor Co., the two biggest U.S. automakers, have about a 46 percent chance of default within five years, according to Edward Altman, a finance professor at New York University's Stern School of Business.

``Both are in very serious shape and the markets reflect that,'' Altman, the creator of the Z-score mathematical formula that measures bankruptcy risk, said in an interview with Bloomberg Television. The model shows that these companies are ``on the verge of bankruptcy,'' he said. "

"In 2005, Altman said GM had a 47 percent chance of default within five years. "


Ok. This guy has just ruined his credibility. He's saying that the chance of GM BK is lower now (46%) than in 2005 (47%), after losing even more money the past 3 years and in market conditions where obtaining money is more difficult. Get real.
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Re: GM, Ford, and Chrysler Death Watch Thread

Unread postby mos6507 » Tue 22 Jul 2008, 23:30:05

$this->bbcode_second_pass_quote('mobil1', '
')compress 10 years of engineering into 2 years


The Volt doesn't require 10 years worth of engineering. It's a 100 year old concept invented by Ferdinand Porche. GM is just overengineering the Volt because the auto industry is full of regulations and liabilities.
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Re: GM, Ford, and Chrysler Death Watch Thread

Unread postby idiom » Wed 23 Jul 2008, 01:42:11

The 1985 Landrover Discovery 110 was a V8 that got ~35 mpg and was enormous.

I recently owned one converted to LPG and it cost AUS$30 to fill up.

HOW HARD CAN IT BE?!?! The things are enormous too:

Image
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Re: GM, Ford, and Chrysler Death Watch Thread

Unread postby timmac » Wed 23 Jul 2008, 14:59:18

idiom wrote :
The 1985 Landrover Discovery 110 was a V8 that got ~35 mpg and was enormous.


How did that big suv with a v8 get 35 mpg,, [at what speed 20 mph], some one has there calculations way off.

My wifes 2001 rav4 with a 2.0 4 cly that is half that size gets only 29-30 mpg highway..
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Re: GM, Ford, and Chrysler Death Watch Thread

Unread postby TheDude » Wed 23 Jul 2008, 15:00:49

$this->bbcode_second_pass_quote('AlCzervik', '[')url=http://www.bloomberg.com/apps/news?pid=20601087&sid=asXjYQuEUW4Q&refer=worldwide]GM, Ford 'On the Verge of Bankruptcy,' Altman Says.[/url]


$this->bbcode_second_pass_quote('', 'G')M Chief Executive Officer Rick Wagoner said in an interview July 15 that the company has the ability to raise cash, and he called bankruptcy ``a bad idea.'' Ford has said it had access to $40.6 billion in funds as of March 31, including credit lines.


:lol: Bad idea, indeed.

Ford to retool factories, focus on smaller cars - Autos- msnbc.com

No surprise. I'm trying to get a better handle on what the costs/timelines for such switchovers will be.

$this->bbcode_second_pass_quote('', 'G')reg Gardner, an analyst for the consulting firm Oliver Wyman, which publishes the annual Harbour Report on auto manufacturing, said converting an auto plant’s operations from trucks to cars is no easy feat and could easily cost tens of millions of dollars per factory. But the changeover is critical, he said, since Ford has lost small-car sales because it didn’t have enough inventory.

“You can’t use the same conveyor system for trucks as you can for cars,” Gardner said. “There’s some equipment, like torque wrenches and things like that ... those are common to any vehicle. But really heavy-duty capital equipment has to be different.”

But it’s unclear if Wall Street will be satisfied with Ford’s latest plan. Brian Johnson, an analyst with Lehman Brothers, said Tuesday in a note to investors that Ford still has too much North American plant capacity and needs to close plants.


Building plants from scratch 'taint cheap.

"Toyota To Build Prius in Mississippi , Shift Tundra to Texas ...

$this->bbcode_second_pass_quote('', 'T')he Prius will be built at a plant under construction in Blue Springs, Mississippi, with production of the gasoline-electric hybrid scheduled to begin in late 2010. The Prius will join the Georgetown, Kentucky-built Camry Hybrid as the second Toyota hybrid built in North America.


$this->bbcode_second_pass_quote('', 'T')oyota has said that its $1.3 billion Blue Springs plant will have the capacity to build 150,000 vehicles annually.

Why they didn't retool an existing plant I'm not sure. Perhaps it's uneconomic at the moment - or unfeasible.
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Re: GM, Ford, and Chrysler Death Watch Thread

Unread postby idiom » Wed 23 Jul 2008, 17:15:11

oh....

Whole thing is made of aluminium... Really thin aluminium cept for the chassis.

No AC, stero....dvd players...or leather couches.

did have 10 dodgy seat though.
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Re: GM, Ford, and Chrysler Death Watch Thread

Unread postby timmac » Wed 23 Jul 2008, 23:23:40

Still can't see how it would get 35 mpg with it still pushing a lot of wind at how tall it is, maybe 25-28 mpg with aluminium body,, is that American mpg or that funney metric mpg ??.
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Re: GM, Ford, and Chrysler Death Watch Thread

Unread postby smallpoxgirl » Thu 24 Jul 2008, 00:18:33

$this->bbcode_second_pass_quote('timmac', ' ')is that American mpg or that funney metric mpg ??.


:lol: Yeah 35 km/gal would make a lot more sense wouldn't it?
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Re: GM, Ford, and Chrysler Death Watch Thread

Unread postby eastbay » Thu 24 Jul 2008, 00:26:18

$this->bbcode_second_pass_quote('smallpoxgirl', '')$this->bbcode_second_pass_quote('timmac', ' ')is that American mpg or that funney metric mpg ??.


:lol: Yeah 35 km/gal would make a lot more sense wouldn't it?



I'm sure that's what he meant. Imperial gallons too, I presume. Highway.
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Re: GM, Ford, and Chrysler Death Watch Thread

Unread postby idiom » Thu 24 Jul 2008, 00:39:28

Dunno. It made my wee Suzuki Vitara look pretty shabby though.
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Re: GM, Ford, and Chrysler Death Watch Thread

Unread postby Cabrone » Thu 24 Jul 2008, 07:35:57

GM in talks to mass produce electric hybrids in the UK (according to one of the rags here in the UK)......

http://www.dailymail.co.uk/news/article-1037317/Britain-set-electric-car-capital-Europe-Brown-seals-deal-General-Motors.html
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Re: GM, Ford, and Chrysler Death Watch Thread

Unread postby TheDude » Thu 24 Jul 2008, 14:48:49

It was Ford's Worst Quarter Ever (Business Week).
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Re: GM, Ford, and Chrysler Death Watch Thread

Unread postby timmac » Thu 24 Jul 2008, 16:52:15

smallpoxgirl wrote :
Yeah 35 km/gal would make a lot more sense wouldn't it?



I am not sure how that metric/imperial works out in American mpg but would he have really mean is that it only gets 20 mpg American,, if so that is not so great after all but not to bad for most of our big suv's over here..........
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Re: GM, Ford, and Chrysler Death Watch Thread

Unread postby mos6507 » Mon 28 Jul 2008, 17:13:03

GM and Chrysler can't lease cars anymore!

http://www.thetruthaboutcars.com/gmac-l ... oom-large/
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Re: GM, Ford, and Chrysler Death Watch Thread

Unread postby eXpat » Fri 01 Aug 2008, 08:55:21

G.M. reports loses of $15.5 Billion last quarter link
$this->bbcode_second_pass_quote('', 'D')ETROIT — The General Motors Corporation reported a stunning second-quarter loss of $15.5 billion on Friday because of a dramatic decline in United States sales and charges for job cuts, plant closings and the falling value of trucks and sport utility vehicles.

G.M., the largest American automaker, said it lost $6.3 billion on operations in the quarter that ended June 30, and its worldwide revenues fell 18 percent.

But the company’s overall loss was inflated by $9.1 billion in special charges that included $3.3 billion for buyouts of hourly workers and $2.8 billion related to the bankruptcy filing of its former parts unit, the Delphi Corporation.

The dismal earnings reflected the impact of steadily falling vehicles sales in the overall United States market, and a huge shift by consumers away from the trucks and S.U.V.s that were once G.M.’s most profitable vehicles.
...
Last month, as investors speculated openly about the possibility of G.M. filing for bankruptcy protection, the automaker announced broad plans for further cost cuts, asset sales and debt offerings to improve its liquidity by $15 billion.
...
With G.M.’s stock dropping to $10 a share and analysts suggesting G.M. might file for bankruptcy protection, the company announced another round of cost cuts in mid-July.

G.M. said it would bolster its liquidity by $15 billion through a combination of cutbacks, asset sales, and debt offerings.

On July 15, Mr. Wagoner outlined a plan that included a 20-percent reduction in salaried personnel costs, the elimination of health-care coverage for white-collar retirees past the age of 65, and cuts in advertising and marketing budgets and capital expenditures.

GM in death throes finally?
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