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Old 04-27-2009, 09:27 PM   #21
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FinanceDude: Give me some of your background in the automotive business. I don't think you know much about the company from your talk on the truck end of the business. Chevy should just stick to the pickups and GMC to the bigger tractor types. GMC Truck could stay around as the producer of big heavy duty items. Chevy should stick to cars and pickups as the entry level vehicle producer. Who should make the vans? I can see Pontiac being gone as they are too much the Chevy with a nicer interior. Little more sporty but Chevy can easily cover that spectrum ala Camaro. Buick might make it if the economy turns around a little as GM buyers need something between the Chevy and Cadillac. End result--I see Chevrolet, Buick, Cadillac and GMC. My humble opinion after having spent 34 years with GM.
Well, I certainly didn't spend 34 years AT GM, I was on the retail side. So, I was the wonderful position of having to try to KEEP GM customers at a time when GM didn't seem to care because they were making so much money. I saw the handwriting on the wall 14 years ago when I called the factory about a customer who had gotten a total lemon and the reponse was: "We can't help you". After about 50 calls like that, I can see why the imports are eating GM's lunch and kicking sand in their face......

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If they file Chapter 11 and can't make it, the country better watch out. The word was that for every direct employee in the automotive industry there are six supporting it on the outside. Steel, rubber, glass, wire, fabric, paint, plastic, tooling, transportation,----.
If they file Chapet 11, it means they can continue as a viable comapny and their legacy costs will be reduced to the point where they can compete with Toyota and Honda on a manhour cost per unit.......
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Old 04-27-2009, 10:02 PM   #22
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I saw the handwriting on the wall 14 years ago when I called the factory about a customer who had gotten a total lemon and the reponse was: "We can't help you". After about 50 calls like that, I can see why the imports are eating GM's lunch and kicking sand in their face......



If they file Chapet 11, it means they can continue as a viable comapny and their legacy costs will be reduced to the point where they can compete with Toyota and Honda on a manhour cost per unit.......
Exactly and exactly.
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Old 04-28-2009, 07:02 AM   #23
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It's stupid to have seperate divisions for GMC and Chevy, they are exactly the same except for trim levels and some exterior cladding.



Actually, you are talking about Chevy, which gets the lion's share of advertising and R&D.
No, they were correct. GMC trucks have the largest margins among GM models. Chevrolet has the lowest after Pontiac.
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Old 04-28-2009, 09:03 AM   #24
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No, they were correct. GMC trucks have the largest margins among GM models. Chevrolet has the lowest after Pontiac.
If we all agree that is true, it must be due to efficiencies at GMC. I am telling you, other than trim, they are the SAME truck. Of course, I am only talking about the domestic trucks, not the heavy trucks GMC and Chevy make for commercial use.

I notice Toyota and Ford seem to do well with trucks having ONE division for that, I wonder how they manage.........
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Old 04-28-2009, 09:19 AM   #25
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If we all agree that is true, it must be due to efficiencies at GMC. I am telling you, other than trim, they are the SAME truck.
I don't think the differences in margin between Chevy and GMC are due to efficiencies at GMC, but because buyers are willing to pay more for the GMC brand. Yes, they are the same truck, but it wasn't always the case, and the GMC badge has the "aura" of being GM's heavy-iron commercial line. So, buyers want a beefy truck, and the salesman strolls them over to the GMC pickups. "As a smart truck buyer, you know heavy-duty construction when you see it. I'm going to show you these GMC pickup trucks, cousins to the big rigs you see every day."

Why do buyers pay ER's of over 1% for an index fund that they can get at Vanguard for 0.2%? Same thing, I guess.
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Old 04-28-2009, 10:19 AM   #26
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I don't think the differences in margin between Chevy and GMC are due to efficiencies at GMC, but because buyers are willing to pay more for the GMC brand. Yes, they are the same truck, but it wasn't always the case, and the GMC badge has the "aura" of being GM's heavy-iron commercial line. So, buyers want a beefy truck, and the salesman strolls them over to the GMC pickups. "As a smart truck buyer, you know heavy-duty construction when you see it. I'm going to show you these GMC pickup trucks, cousins to the big rigs you see every day."


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Why do buyers pay ER's of over 1% for an index fund that they can get at Vanguard for 0.2%? Same thing, I guess.
Because the insurance guy at Principal is friends with the CFO of the company, and takes him golfing at nice places and buys him Cuban cigars and single malt scotch........
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