Why American Car Manufacturers Fail [View article]
I am in GM dealerships every day due to my occupation. The author has never spent one day in an American dealership within the last month. If he had done REAL research, he would see a new desire by Americans to buy "American" again. How do I know? They say so to the salespersons. The only reason Toyota outsold the other brands had to do to an inventory "backlog". Their numbers this year were way down and they had their highest dealership inventories in years. GM ran out of cars and trucks otherwise we would have led the market. Leave your "ivory castle" once in a while.
Don't be so quick to jump on the Ford bandwagon. Take a look at the Ford Credit lease portfolio. Lots of markdowns there that are not reaching to anyone's ears. So far, they have been lucky, not smart. Sometimes that works, sometimes not. It's your dice, not mine.
As a veteran of the auto industry and as an investor, the only logic one could attribute to investing in auto stocks is that YOU CAN'T LOSE MORE THAN YOUR INVESTMENT !!!!! This industry is in freefall and NO ONE knows the answer. If they think they do, have I got a bridge in Brooklyn to sell you. Try CD's until this settles out. There will be plenty of time to buy in when the dust settles.
Maybe I'm biased, but the most exciting car in years, the 2010 Chevrolet Camaro is going into production in March. And you think the Flex, Fusion hybrid, and Jetta deserve a higher place on the list? The word "Clueless" comes to mind.
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