Comments on: GM: Out of Time, Out of Money, Out of Options http://gm-volt.com/2008/12/03/gm-out-of-time-out-of-money-out-of-options/ Real-time news, information, and discussion about the Chevrolet Volt. Sun, 21 Mar 2010 10:41:11 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Herbalife Belgie http://gm-volt.com/2008/12/03/gm-out-of-time-out-of-money-out-of-options/#comment-183327 Herbalife Belgie Thu, 18 Mar 2010 04:00:43 +0000 http://gm-volt.com/?p=1404#comment-183327 This blog looks good. However, it would improve your visitor retention if you can make the website design more professional. This blog looks good. However, it would improve your visitor retention if you can make the website design more professional.

]]> By: Gettelfinger Motors - Page 2 - GM Inside News Forum http://gm-volt.com/2008/12/03/gm-out-of-time-out-of-money-out-of-options/#comment-112487 Gettelfinger Motors - Page 2 - GM Inside News Forum Sun, 10 May 2009 20:26:10 +0000 http://gm-volt.com/?p=1404#comment-112487 [...] chain, with a ripple effect that will have severe, long-term consequences to the U.S. economy. http://gm-volt.com/2008/12/03/gm-out...ut-of-options/ From Meeriam-Webster online Bankrupt: c: a person who becomes insolvent Sounds a lot like what GM [...] [...] chain, with a ripple effect that will have severe, long-term consequences to the U.S. economy. http://gm-volt.com/2008/12/03/gm-out…ut-of-options/ From Meeriam-Webster online Bankrupt: c: a person who becomes insolvent Sounds a lot like what GM [...]

]]> By: Nixon http://gm-volt.com/2008/12/03/gm-out-of-time-out-of-money-out-of-options/#comment-84588 Nixon Sat, 06 Dec 2008 01:34:07 +0000 http://gm-volt.com/?p=1404#comment-84588 Ghost, not only has GM been putting all their efforts into huge gas guzzler SUV’s - and over-charging for them, but their customer base has also. For years GM's customer base has been just rolling in one upside-down car loan into another upside-down car loan. It worked because each new SUV was so much more expensive than the last one that the amount of the loan rolled into the new loan was less than GM's profit margin. Now their loans are so far under-water that not even GM can roll them into new car loans. Especially into loans for cheaper cars. GM won't recover until their buying base does what any buyer has to do when they are upside-down in a loan. Stick with making payments until it is no longer upside-down. Maybe even stick with payments until they have enough equity in their car that it serves as a down payment for their next car. Back to the basic market fundamentals for car loans. Whether they are electric cars or not. Ghost, not only has GM been putting all their efforts into huge gas guzzler SUV’s – and over-charging for them, but their customer base has also.

For years GM’s customer base has been just rolling in one upside-down car loan into another upside-down car loan. It worked because each new SUV was so much more expensive than the last one that the amount of the loan rolled into the new loan was less than GM’s profit margin. Now their loans are so far under-water that not even GM can roll them into new car loans. Especially into loans for cheaper cars.

GM won’t recover until their buying base does what any buyer has to do when they are upside-down in a loan. Stick with making payments until it is no longer upside-down. Maybe even stick with payments until they have enough equity in their car that it serves as a down payment for their next car.

Back to the basic market fundamentals for car loans. Whether they are electric cars or not.

]]> By: ghost http://gm-volt.com/2008/12/03/gm-out-of-time-out-of-money-out-of-options/#comment-84300 ghost Thu, 04 Dec 2008 21:59:01 +0000 http://gm-volt.com/?p=1404#comment-84300 Sadly - GM is blaming the market for it's economic woes. Really? I blame GM. They killed the electric car YEARS ago - when it could have saved their bacon this year. They have been putting all their efforts into huge gas guzzler SUV's - and over-charging for them as well - Heck, I am no market analyst - however, I thought gas was expensive in 2000 - let alone 2008. You know what I did? I bought a used toyota tercel and get 53 US MPG ( for real ) on the highways. Gm could offer me nothing I would even want to look at. I paid 2300 btw. I am all for GM becoming top of the hill again - however, they need to do it with good business decisions. Last point - are they announcing their salaries and pay out they get when the company goes under? Sadly – GM is blaming the market for it’s economic woes.

Really?

I blame GM.

They killed the electric car YEARS ago – when it could have saved their bacon this year.

They have been putting all their efforts into huge gas guzzler SUV’s – and over-charging for them as well –

Heck, I am no market analyst – however, I thought gas was expensive in 2000 – let alone 2008.

You know what I did? I bought a used toyota tercel and get 53 US MPG ( for real ) on the highways. Gm could offer me nothing I would even want to look at. I paid 2300 btw.

I am all for GM becoming top of the hill again – however, they need to do it with good business decisions.

Last point – are they announcing their salaries and pay out they get when the company goes under?

]]> By: &eye http://gm-volt.com/2008/12/03/gm-out-of-time-out-of-money-out-of-options/#comment-84270 &eye Thu, 04 Dec 2008 20:30:45 +0000 http://gm-volt.com/?p=1404#comment-84270 The last thing the government should be doing is using taxpayer money or having the Federal Reserve create it from thin air to decide which corporations will survive despite not being able to maintain a profit. It's bad enough that they are doing it with banks... If automakers want money from the government, it should be given to ANY AND ALL U.S. automakers that are producing electric cars. The last thing the government should be doing is using taxpayer money or having the Federal Reserve create it from thin air to decide which corporations will survive despite not being able to maintain a profit. It’s bad enough that they are doing it with banks… If automakers want money from the government, it should be given to ANY AND ALL U.S. automakers that are producing electric cars.

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