SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : President Barack Obama

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lizzie Tudor who wrote (45191)11/20/2008 3:54:46 AM
From: stockman_scott  Read Replies (2) of 149317
 
MYTH:

"GM cannot build cars that people want at a price people can afford. That is the bottom line."

FACTS:

GM outsold Toyota by about 1.2 million vehicles in the United States last year and holds a U.S. lead over Toyota of about 560,000 so far this year. Globally, GM in 2007 remained the world's largest automaker, selling 9,369,524 vehicles worldwide -- about 3,000 more than Toyota.

Although total U.S. vehicle sales are down almost 15% so far this year (through October), a number of GM cars and crossovers have enjoyed significant sales increases:

Chevy Malibu +39%
Pontiac Vibe +36%
Pontiac G6 + 4%
Cadillac CTS +15%
Saturn Aura +7%
GMC Acadia +2%
Buick Enclave +88%

Some in Congress and some journalists say GM does not build cars people like today...Hmmm...maybe they should consider the brand new JD Power Customer Satisfaction Survey released this week...go to this link and see all the brands ranked at the very bottom...

jdpower.com

All of GM's brands are above average while many touted foreign brands are well below. This is a new survey released by a reputable research organization in the last 24 hours.

Some in Congress talk about "green cars"...Toyota was the early mover and now GM and Ford have a number of Hybrids on the market...and it's clear more of these vehicles can and will be introduced (as long as the economy rebounds and if the automakers receive support from our government to retool).

Yet, Congress hasn't provided proper incentives for Americans to buy cars with "Green technology" from any manufacturer -- we gotta get the volumes way up to really have an impact on the environment...The Toyota Prius sold like crazy in the run up to $4.00/gallon fuel. Then it stalled or flatlined in sales volume in july/august of 2008. And the total impact of the Prius nationwide was only 2% of the market. They had volume issues at first but they adjusted for it by early summer. The bottom line is that Americans talk a good line about wanting Hybrids but the reality is less than 2% of the cars sold in the USA last year were Prius Hybrids. And thats when gas was very expensive. I hope the Obama Administration motivates Congress to pass legislation that will provide big incentives for Americans to buy cars with Green technology (Hybrids, Plug in Hybrids, Flex Fuel Engines, etc.).
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext