Heavens Sake

[CapitalTruck]

This won't be helpful for us owners.

 

http://media.gm.com/servlet/GatewayServlet...amp;docid=49679

[pennzoil29]

http://www.gm-trucks.com/forums/index.php?showtopic=85505

 

but it still sucks.

[D&SYukonDenali]

Can't blame GM, they need to focus on their value chain and improve operating efficiencies where they can.

[Zembonez]

Can't blame GM, they need to focus on their value chain and improve operating efficiencies where they can.

Yip. If a branch manufacturer isn't making you money, it pays to sell it and go with bids to get the supplies you need. It doesn't always result in quality... unfortunately.

[High Plains Drifter]

GM is burning through billions in cash and is losing money each month. It's going to take a while to right this big ship. They are considering everything right now, selling and paring off divisions and financial arms, possible mergers, government loans, they've cut advertising, increased promotions, closing factorys, laying off white collar, selling their headquarters (they'd lease it back), and renegotiating vendor contracts.

 

And there's more coming. In my belief, bankruptcy may be the only way out. I'm being pragmatic and realistic. They can't keep losing money at this rate much longer. Their stock's been in the toilet and they have lost significant market share the last 25 years. Combined with a jittery and at times volatile market, downturned economy, stagnant loan situation, and reduced demand for their products, General Motors is facing their most serious time in one hundred years...trying to stay alive.

[HawkeyeOC]

Dump everything they can and concentrate on making cars and trucks! Desperate times call for...common sense!

[pm26]

GM is burning through billions in cash and is losing money each month. It's going to take a while to right this big ship. They are considering everything right now, selling and paring off divisions and financial arms, possible mergers, government loans, they've cut advertising, increased promotions, closing factorys, laying off white collar, selling their headquarters (they'd lease it back), and renegotiating vendor contracts.

 

And there's more coming. In my belief, bankruptcy may be the only way out. I'm being pragmatic and realistic. They can't keep losing money at this rate much longer. Their stock's been in the toilet and they have lost significant market share the last 25 years. Combined with a jittery and at times volatile market, downturned economy, stagnant loan situation, and reduced demand for their products, General Motors is facing their most serious time in one hundred years...trying to stay alive.

 

This may be true, but look at some GM dealers who are not doing GM any favor. I can name a few in my area. They are greedy bastards who lie to their customers, present false invoices to people to make them believe that the markup on an '08 Chevy Impala LT over the invoice is $ 500 instead of $ 1,100+, charge exorbitant dealer fees for absolutely nothing ($ 500-$700 common in Florida and Georgia), and use somewhat higher manufacturers rebates as a good excuse to sell vehicles to public at full sticker prices. And employ clueless salesmen who do not know anything about the vehicles they sell. Whereas this does not work on trucks due to deep discounts, it seems to work on small and medium sizes cars. Plus, they do not want to give you anything for your trade and act like they are doing you a favor selling you a new car. I am sick and tired of these practices. If GM is hurting, how about banning "dealer fees" which is nothing but additional totally undeserved profit of $ 500-$ 700 preprinted on dealer's forms, which they claim they must charge? Why did the state of California simply outlaw this BS and limited these fees to something like $ 80? Why not everywhere else?

 

Unfortunately, the main reason why this is continuing are mostly ignorant customers who are not interested in the price of the vehicle or the net difference when trading something in, but payments. You can make payments quite low if you make a hefty downpayment and finance for a long enough period at a fairly low interest rate. I guess dealers around here are so used to these kinds of people that they automatically assume everybody is that way. There is a small percentage of us who prefer to pay cash for a new vehicle and we seem to have hard time negotiating in this climate.

 

Carmax new car dealerships appear to have the best prices. They have at least one dealership that sells new Chevys, but it is in Kenosha, Wisconsin. They give you the bottom line price without haggling, and give you all incentives without lying. When I compare their prices with prices around here, there is no comparison!