"The 40 kWh battery is covered for 8 years or 100,000 miles, and 60 kWh battery is covered for 8 years or 125,000 miles, whichever comes first in both cases. The largest battery, 85 kWh, is covered for eight years and unlimited miles."
AND
" Battery Replacement Option will be available for purchase soon. The option allows you to pre-purchase a new battery to be installed after eight years for a fixed price: $8,000 for 40 kWh batteries, $10,000 for 60 kWh batteries, and $12,000 for 85 kWh batteries."
General Motors (GM) December U.S. sales: +4.9% to 245,733, more than doubling up the sales growth mark expected by analysts. By brand, Cadillac and Buick posted double-digit gains, while the key Chevrolet brand saw sales increase 3.7% to 167,091. Total GM passenger car sales rose 14%, while crossover models gained 2% and the pickup/SUV category was flat. (PR) [View news story]
I make that remark because they are.
Excuse the old data I have (autonews.com), but as of Dec 1, 2012 the industry average for all US cars and light-trucks was 69 days supply. With GM at 111 for cars and 103 for trucks. Even with the declined statistics that tcbracing posted, they ARE still high.
General Motors (GM) December U.S. sales: +4.9% to 245,733, more than doubling up the sales growth mark expected by analysts. By brand, Cadillac and Buick posted double-digit gains, while the key Chevrolet brand saw sales increase 3.7% to 167,091. Total GM passenger car sales rose 14%, while crossover models gained 2% and the pickup/SUV category was flat. (PR) [View news story]
Sorry, I didn't see the new inventories yet. Still high, but much better. Like youngman mentioned, I wonder how much they were discounted to reduce the levels from the end of November.
General Motors (GM) December U.S. sales: +4.9% to 245,733, more than doubling up the sales growth mark expected by analysts. By brand, Cadillac and Buick posted double-digit gains, while the key Chevrolet brand saw sales increase 3.7% to 167,091. Total GM passenger car sales rose 14%, while crossover models gained 2% and the pickup/SUV category was flat. (PR) [View news story]
Yes, GM dealer inventories are at very high levels...
Why wouldn't people like EVs? Setting aside the debatable environmental impact, they allow people to fuel their vehicles at home and require less maintenance over their life. I couldn't tell you how much I hate traveling to the gas station weekly and I'm sure most people feel the same way. If range and cost are similar to their ICE counterparts, I would take a EV hands down (Which Tesla has now shown possible in the luxury segment. We will have to wait and see if they can produce a vehicle of similar quality for the mass market).
Electric Vehicles Are Still Not Ready For Prime Time [View article]
I don't think there will be any noticeable market penetration (>1%) of PHEV and BEV vehicles until the next generation (3-4 years) when costs and political interest are reduced.
The majority of PHEV sales are derived from the Volt and Prius PHV and majority of BEV sales are from the Leaf. As you can see, there are still relatively few offerings from manufacturers attempting remotely serious volumes. It will be exciting to see if interest is renewed in these technologies when(if?) Tesla is able to produce 20k Model S vehicles annually with appropriate demand.
General Motors (GM) loses a staggering $49K on each Chevrolet Volt it builds, according to numbers dug out by Reuters. Though the loss per vehicle could shrink if the plug-in hybrid program is built to scale, the automaker faces an uphill battle with rivals seeing better success with their own electric and hybrid vehicles. (Related: Tesla firing on all cylinders?) [View news story]
Yes, I hope no one would honestly listen to a company and CEO whose primary goal is to raise the stock value so the US government can sell their stake.
Ackerson has also gone on record saying that they would sell 60k Volts in 2012. Like I said in my last post, if Volt sales hold steady for the rest of this year and even grow slightly in 2013-2014 then GM will break even (according to Rueters assumptions). I don't see that as a success, but I wouldn't classify it as a huge failure like every media outlet seems to be doing.
General Motors (GM) loses a staggering $49K on each Chevrolet Volt it builds, according to numbers dug out by Reuters. Though the loss per vehicle could shrink if the plug-in hybrid program is built to scale, the automaker faces an uphill battle with rivals seeing better success with their own electric and hybrid vehicles. (Related: Tesla firing on all cylinders?) [View news story]
Using Rueters assumptions (http://reut.rs/Qzs3St) and assuming Volt sales will hold constant at ~22k/year based on their sales thus far this year for the remainder of 2012-2014 the cost per Volt would equate to $40,246. That's not taking into account any changes such as cost reductions or increased volume growth.
Nevertheless this is a brand new technology, how much do you expect an archaic company to make on a completely new product for their first generation?
General Motors (GM) loses a staggering $49K on each Chevrolet Volt it builds, according to numbers dug out by Reuters. Though the loss per vehicle could shrink if the plug-in hybrid program is built to scale, the automaker faces an uphill battle with rivals seeing better success with their own electric and hybrid vehicles. (Related: Tesla firing on all cylinders?) [View news story]
The analysis was done by distributing the fixed costs over the vehicles sold thus far (look at their calculations). Looking over the life of the first generation Volt program (MY11-MY14?), GM will probably get close to breaking even on each vehicle.
More on Louis Woodhill's GM is heading to bankruptcy take (previous): Design issues may be partially behind the troubles at General Motors if recent car reviews and ratings are telling. After former CEO Bob Lutz helped resurrect the automaker's rep for quality, changes in policies by current CEO Dan Akerson has contributed to new models comparing poorly to rivals for design and losing the battle over value. Shares of GM +5.9% on session highs. [View news story]
The YoY decrease in market share is due primarily to inflated levels last year for US manufacturers from production/supply limitations of their Asian counterparts.
This author is obviously trying to gain viewer traffic with some of his references. The statistics mentioning the 1960s are irrelevant as the US automotive market, like most industries, has changed completely. Even though GM's US market share has decreased, they have grown significantly in foreign markets to increase their overall vehicle production.
The long term longevity of General Motors is questionable, but I highly doubt they will go bankrupt again within a few years regardless of who is president.
Apple iPhone Projection Update Based On Verizon Results [View article]
AT&T's iPhone sale figures were comforting at 3.7M. It will be interesting to see the international sales as this was the first full quarter both China Telecom and China Unicom sold the iPhone 4S (their combined 3G subscriber base grew by ~32M (42%) in the first half of 2012). However, I still think the best news will be the iPad results.
Thanks to strong iPad (AAPL) sales, IDC is once more hiking its 2012 tablet market forecast, this time to 107.4M units from a prior 106.1M. It's also raising its 2013 forecast to 142.8M units from 137.4M. The iPad is now expected to grow its share to 62.5% in 2012 from 58.2%, while Android (Kindle Fire/Nook Tablet included) is expected to fall to 36.5% from 38.7%. Also, in another example of tablet cannibalization, e-reader shipments are expected to fall slightly Y/Y to 28M. (iSuppli) [View news story]
If you read the whole release from IDC, "After a very strong launch of new products in March, Apple's iPad shows few signs of slowing down... And Apple's decision to keep two iPad 2s in the market at lower prices—moving the entry-level price down to $399—seems to be paying off as well."
The upcoming earnings release is shaping up to be another nice upset.
Overlooked in Apple's (AAPL) long list of Mac and iOS announcements yesterday was the company's release of several iOS features aimed specifically at Chinese users. The features include not only the expected addition of Baidu (BIDU) search, but also the integration of Sina's (SINA) Weibo and merging video sites Youku (YOKU) and Tudou (TUDO), as well as Chinese-language support for Siri. Apple's China sales soared 3x Y/Y in the March quarter to $7.9B, and made up 20% of its sales. [View news story]
Overlooked, yet the most important news from yesterday. China will comprise the vast majority of Apple's growth over the upcoming quarters.
Seems reporters are only concerned with the hardware releases and the market continues to have unrealistic expectations of Apple's updates.
General Motors' Stock Price Is Far Too Pessimistic [View article]
@Detfan Even though the sales of Volts and Corvettes have been in similar ranges the past few years, before the recession and gas prices increased the sales of Corvettes were in the range of 30-40k annually.
@Tim GM is focusing on four US brands. GM still has several more brands and subsidiaries throughout the world and they have put an increasing importance on foreign markets further diluting their newly streamlined concentration.
Go back and look at GM's financial statements from 2011. GM lost money in EBIT in their GME and GMSA divisions. Furthermore, their profit from GMIO decreased significantly. The only reason GM posted such great results was due to GMNA and if you dig through those you will see it's attributed mostly to Q2 and Q3 when Honda/Toyota/Nissan were at a huge disadvantage.
The NA sales projections are what everyone mentions when discussing a bullish stance on automotive stocks, but the automotive sector is extremely competitive and will only restrict margins, which GM is already lacking coming in at ~5%. Additionally, I still don't see GM's lineup as advantageous to leverage high gas prices compared to their competition and if the cost of gas continues to increase, it will only further hurt them.
Tesla S Adoption Will Remain Niche [View article]
AND
" Battery Replacement Option will be available for purchase soon. The option allows you to pre-purchase a new battery to be installed after eight years for a fixed price: $8,000 for 40 kWh batteries, $10,000 for 60 kWh batteries, and $12,000 for 85 kWh batteries."
From:
http://bit.ly/tiMLk6
General Motors (GM) December U.S. sales: +4.9% to 245,733, more than doubling up the sales growth mark expected by analysts. By brand, Cadillac and Buick posted double-digit gains, while the key Chevrolet brand saw sales increase 3.7% to 167,091. Total GM passenger car sales rose 14%, while crossover models gained 2% and the pickup/SUV category was flat. (PR) [View news story]
Excuse the old data I have (autonews.com), but as of Dec 1, 2012 the industry average for all US cars and light-trucks was 69 days supply. With GM at 111 for cars and 103 for trucks. Even with the declined statistics that tcbracing posted, they ARE still high.
General Motors (GM) December U.S. sales: +4.9% to 245,733, more than doubling up the sales growth mark expected by analysts. By brand, Cadillac and Buick posted double-digit gains, while the key Chevrolet brand saw sales increase 3.7% to 167,091. Total GM passenger car sales rose 14%, while crossover models gained 2% and the pickup/SUV category was flat. (PR) [View news story]
General Motors (GM) December U.S. sales: +4.9% to 245,733, more than doubling up the sales growth mark expected by analysts. By brand, Cadillac and Buick posted double-digit gains, while the key Chevrolet brand saw sales increase 3.7% to 167,091. Total GM passenger car sales rose 14%, while crossover models gained 2% and the pickup/SUV category was flat. (PR) [View news story]
The True Genius Of Tesla [View article]
Electric Vehicles Are Still Not Ready For Prime Time [View article]
The majority of PHEV sales are derived from the Volt and Prius PHV and majority of BEV sales are from the Leaf. As you can see, there are still relatively few offerings from manufacturers attempting remotely serious volumes. It will be exciting to see if interest is renewed in these technologies when(if?) Tesla is able to produce 20k Model S vehicles annually with appropriate demand.
General Motors (GM) loses a staggering $49K on each Chevrolet Volt it builds, according to numbers dug out by Reuters. Though the loss per vehicle could shrink if the plug-in hybrid program is built to scale, the automaker faces an uphill battle with rivals seeing better success with their own electric and hybrid vehicles. (Related: Tesla firing on all cylinders?) [View news story]
Ackerson has also gone on record saying that they would sell 60k Volts in 2012. Like I said in my last post, if Volt sales hold steady for the rest of this year and even grow slightly in 2013-2014 then GM will break even (according to Rueters assumptions). I don't see that as a success, but I wouldn't classify it as a huge failure like every media outlet seems to be doing.
General Motors (GM) loses a staggering $49K on each Chevrolet Volt it builds, according to numbers dug out by Reuters. Though the loss per vehicle could shrink if the plug-in hybrid program is built to scale, the automaker faces an uphill battle with rivals seeing better success with their own electric and hybrid vehicles. (Related: Tesla firing on all cylinders?) [View news story]
Nevertheless this is a brand new technology, how much do you expect an archaic company to make on a completely new product for their first generation?
General Motors (GM) loses a staggering $49K on each Chevrolet Volt it builds, according to numbers dug out by Reuters. Though the loss per vehicle could shrink if the plug-in hybrid program is built to scale, the automaker faces an uphill battle with rivals seeing better success with their own electric and hybrid vehicles. (Related: Tesla firing on all cylinders?) [View news story]
More on Louis Woodhill's GM is heading to bankruptcy take (previous): Design issues may be partially behind the troubles at General Motors if recent car reviews and ratings are telling. After former CEO Bob Lutz helped resurrect the automaker's rep for quality, changes in policies by current CEO Dan Akerson has contributed to new models comparing poorly to rivals for design and losing the battle over value. Shares of GM +5.9% on session highs. [View news story]
This author is obviously trying to gain viewer traffic with some of his references. The statistics mentioning the 1960s are irrelevant as the US automotive market, like most industries, has changed completely. Even though GM's US market share has decreased, they have grown significantly in foreign markets to increase their overall vehicle production.
The long term longevity of General Motors is questionable, but I highly doubt they will go bankrupt again within a few years regardless of who is president.
Apple iPhone Projection Update Based On Verizon Results [View article]
Thanks again for the analysis!
Midwest Drought Sends Grain Prices Soaring And A Look At Other Commodities [View article]
Thanks to strong iPad (AAPL) sales, IDC is once more hiking its 2012 tablet market forecast, this time to 107.4M units from a prior 106.1M. It's also raising its 2013 forecast to 142.8M units from 137.4M. The iPad is now expected to grow its share to 62.5% in 2012 from 58.2%, while Android (Kindle Fire/Nook Tablet included) is expected to fall to 36.5% from 38.7%. Also, in another example of tablet cannibalization, e-reader shipments are expected to fall slightly Y/Y to 28M. (iSuppli) [View news story]
The upcoming earnings release is shaping up to be another nice upset.
Overlooked in Apple's (AAPL) long list of Mac and iOS announcements yesterday was the company's release of several iOS features aimed specifically at Chinese users. The features include not only the expected addition of Baidu (BIDU) search, but also the integration of Sina's (SINA) Weibo and merging video sites Youku (YOKU) and Tudou (TUDO), as well as Chinese-language support for Siri. Apple's China sales soared 3x Y/Y in the March quarter to $7.9B, and made up 20% of its sales. [View news story]
Seems reporters are only concerned with the hardware releases and the market continues to have unrealistic expectations of Apple's updates.
General Motors' Stock Price Is Far Too Pessimistic [View article]
@Tim GM is focusing on four US brands. GM still has several more brands and subsidiaries throughout the world and they have put an increasing importance on foreign markets further diluting their newly streamlined concentration.
Go back and look at GM's financial statements from 2011. GM lost money in EBIT in their GME and GMSA divisions. Furthermore, their profit from GMIO decreased significantly. The only reason GM posted such great results was due to GMNA and if you dig through those you will see it's attributed mostly to Q2 and Q3 when Honda/Toyota/Nissan were at a huge disadvantage.
The NA sales projections are what everyone mentions when discussing a bullish stance on automotive stocks, but the automotive sector is extremely competitive and will only restrict margins, which GM is already lacking coming in at ~5%. Additionally, I still don't see GM's lineup as advantageous to leverage high gas prices compared to their competition and if the cost of gas continues to increase, it will only further hurt them.