Government Motors has got problems again...

----interesting question....
----could GM have done anything differently....
----avoided its long slide?
Hypothetically, the only thing GM could have done would be to have petitioned/begged the US military to nuke Germany and nuke Japan again in order to keep that source of competition away. :(
 
Hypothetically, the only thing GM could have done would be to have petitioned/begged the US military to nuke Germany and nuke Japan again in order to keep that source of competition away. :(
Or maybe nuke the UAW's main office...:D
 
Motor Vehicle Sales
April 1, 2014

"Held down by heavy weather in January and February, unit vehicle sales surged 6.9 percent in March to a 16.4 million annual rate which is well beyond Econoday's high-end estimate for 16.0 million. Sales of domestic-made vehicles were especially strong, rising 7.1 percent to a 13.0 million rate. Sales of imported vehicles rose 6.3 percent to 3.4 million. Today's results are very positive, offering the first hint that the post-weather rebound for the economy may be stronger than expected."

http://www.bloomberg.com/markets/economic-calendar/

AutoNation Announces Total Retail New Vehicle Unit Sales of 28,796 in March 2014, Highest March Total Retail New Vehicle Unit Sales Since 2006
April 2, 2014, 9:25 a.m. EDT

"- Total retail new vehicle unit sales in March 2014 increased 6% versus March 2013- First quarter total retail new vehicle unit sales were 70,217, up 4% over first quarter 2013,the best since 2007

" FORT LAUDERDALE, Fla., April 2, 2014 /PRNewswire/ -- AutoNation, Inc. AN +0.55% , America's largest automotive retailer, today announced that its total retail new vehicle unit sales in March 2014, as reported to the applicable automotive manufacturers, were 28,796, an increase of 6% as compared to March 2013. Same-store retail new vehicle unit sales in March 2014 were 28,158, an increase of 4% as compared to March 2013. Total retail new vehicle unit sales for AutoNation's operating segments in March 2014 were as follows:

"Total retail new vehicle unit sales in the first quarter of 2014, as reported to the applicable automotive manufacturers, were 70,217, an increase of 4% as compared to the first quarter of 2013. Same-store retail new vehicle unit sales in the first quarter of 2014 were 68,682, an increase of 2% compared to the first quarter of 2013. Total retail new vehicle unit sales for AutoNation's operating segments in the first quarter of 2014 were as follows:

"AutoNation expects to report April 2014 retail new vehicle unit sales on Friday, May 2, 2014. "

http://www.marketwatch.com/story/au...ew-vehicle-unit-sales-since-2006-1-2014-04-02
 
GM Halts Sales Of Chevy Cruze; Gives No Reason

And the hits just keep on coming for new CEO Mary Barra. By now she must be suspecting Dan Akerson threw her under the bus as he left the sinking ship. On the heels of all-time record high inventories (over-built amid a frenzy of mal-investment last year), massive recalls (amid ignition switch problems linked to 12 deaths), and potential bankruptcy fraud, GM announced today that it has instructed dealers to stop selling 2013 and 2014 Chevrolet Cruzes but gave no reason for the halt.

20140322_gm.png


Reuters confirms,

"I can just confirm that we put a stop-sale in last night," GM spokesman Alan Adler said.
He said he did not have any details on why the action was being taken, but said stop-sale orders can happen for various reasons. He said stop-sale orders mean the dealers need to do something to the vehicle before it can be sold.

Via WSJ,


Chevrolet dealers received a stop-delivery via email Thursday advising them to halt sales of Cruze models with 1.4-turbo engines, according to a copy of the notice viewed by The Wall Street Journal. A reason for the notice wasn't provided.
"This is something we don't see every day," said one dealer who asked not to be identified since he shared the internal document. "To not be given a reason must mean GM has spotted an issue and is still trying to get its arms around it."

A GM spokesman confirmed a notice was sent late Thursday but declined to provide details. Automotive News reported the stop-delivery order earlier Friday. The notice affects only 1.4 Liter turbo charge Cruze.

The number of vehicles impacted could be relatively small since the notice only covers 60 days worth of production.

If we build it (and stack them high on dealer lots) they won't come if they fear spontaneous combustion...

GM%20Feb%20Dealer%20Inventory_0.jpg


GM Chief Executive Mary Barra is scheduled to testify to both chambers of Congress next week as members of the House and Senate seek to learn how the problem did not result in a recall earlier despite being first noted within the company in 2001.
 
Gm to recall more than 1.3 million vehicles in the u.s.
Gm expects to take a charge of up to approximately $750m
gm charge includes previously disclosed $300m charge
 
Is it just me or is this GM ignition debacle beginning to remind you of the Benghazi coverup?

We had a well-known problem that was ignored, then when tragedy hit, there was massive ass-covering and deflection. Surprisingly, in both cases, those responsible for the initial flawed decisions and the ensuing coverup remain maddeningly out of sight. Congressional hearings provide a stage for posturing but nothingof substance surfaces.

I fully expect GM to announce that an anti-muslim video was the cause of the whole incident.
 
Is it just me or is this GM ignition debacle beginning to remind you of the Benghazi coverup?

We had a well-known problem that was ignored, then when tragedy hit, there was massive ass-covering and deflection. Surprisingly, in both cases, those responsible for the initial flawed decisions and the ensuing coverup remain maddeningly out of sight. Congressional hearings provide a stage for posturing but nothingof substance surfaces.

I fully expect GM to announce that an anti-muslim video was the cause of the whole incident.

Just you. The rest of us are reminded of the Ford Pinto. Not that there are any more similarities there.
; )
 
Didn't see a thread where this might belong other than maybe here.

I just thought it was funny. The feds tell us we can't use various drugs. The feds have spent untold billions fighting a war on drugs. And now they find out people are using the USPS to transport drugs.
:D:D


Holder: 'Postal Service...Being Used to Facilitate Drug Dealing'

(CNSNews.com) - "The postal service -- the mails -- are being used to facilitate drug dealing," Attorney General Eric Holder told the Senate Appropriations Committee on Thursday....
http://cnsnews.com/news/article/susan-jones/holder-postal-servicebeing-used-facilitate-drug-dealing
 
U.S. May car sales jump to 1.6 million, beating expectations
By Ben Klayman and Paul Lienert
DETROIT Tue Jun 3, 2014 3:30pm EDT

"(Reuters) - Automakers on Tuesday reported higher-than-expected U.S. new car sales of 1.6 million in May, with rising consumer demand underpinning a broader recovery in the U.S. economy.

"The auto industry in May recorded its strongest annual sales rate since before the 2008 recession, as transaction prices remained strong and discounts did not increase.

"Industry sales rose 11.3 percent to 1,606,264 vehicles, according to a compilation of manufacturers' results by Reuters.

"The top seven automakers beat analysts' expectations, some by a wide margin. General Motors Co (GM.N) and Chrysler Group (FIA.MI) said May sales were the best for that month in seven years. Nissan Motor Co (7201.T) set a sales record for May and Hyundai Motor Co (005380.KS) had its best month ever. Ford Motor Co (F.N) and Toyota Motor Corp (7203.T) also topped forecasts.

"The annual sales rate in May hit 16.77 million vehicles, the strongest pace since it reached the same level in February 2007, according to research firm Autodata. Economists polled by Reuters had expected a rate of 16.1 million.

"Industry sales in May soared as consumer confidence improved and demand for new vehicles continued to strengthen," said Bill Fay, group vice president of Toyota Motor Sales USA.

"A record number of recalls at GM since the first of the year did not crimp demand for the automaker's new vehicles.

"GM's May sales were up 12.6 percent to 284,694 vehicles, well above the consensus of nine analysts polled by Reuters. All four GM brands reported sales increases, with gains at Chevrolet and GMC driven in part by strong demand for new full-size utility vehicles and pickups.

"Ford said May sales rose 3.0 percent to 254,084 vehicles. Chrysler was up 16.7 percent to 194,421. Toyota climbed 17.0 percent, to 243,236; Honda, up 9.0 percent to 152,603; Nissan up 18.8 percent to 135,934, and Hyundai-Kia up 8.5 percent to 130,994.

"The U.S. auto industry experienced a third straight month of strong sales after cold and snowy weather pressured results in January and February. Analysts polled by Reuters had expected May industry sales to rise about 7 percent.

"Monthly auto sales are an early snapshot of consumer demand for big-ticket items. U.S. new-car sales in April rose 8 percent and the annual selling rate finished at 16.04 million vehicles.

"Specific indicators in May were mixed. Sales of full-size pickup trucks rose 17.2 percent at Chrysler and 9.5 percent at GM. At Ford, sales of the best-selling F-series pickup fell 4.3 percent, with the automaker trimming discounts on 2014 models as it readies the launch this summer of a redesigned, aluminum-intensive 2015 F-series.

"Average transaction price for a new vehicle in May was $32,307, according to research firm Kelley Blue Book, which said average new-car prices were up $653 from a year ago, but down slightly from April."

http://www.reuters.com/article/2014/06/03/us-autos-sales-usa-idUSKBN0EE18L20140603
 
what the heck are referencing?
I find it easy to correct your krugmans or obamas when I see em.

I do not recall supporting lucrum in an specific way today... although I do at times give give out credit to Lucrum when it is due.

Well, some shill does keep intentionally quoting the moron for my benefit. : )

Listen, you and jem kissing pucrum's cheeks this morning, while I'm sure it's out of a sense of loyalty, is dangerously akin to "dick"-sucking. I'm just saying! :D
 
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