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patrickbec

patrickbec
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  • General Motors' Problems Are About To Get Worse [View article]
    Good, we don't want 69 year old grumpy old guys to buy GM cars, GM needs younger buyers. Stick to your beige Camry or Avalon.
    Oct 17 12:07 PM | 2 Likes Like |Link to Comment
  • General Motors' Problems Are About To Get Worse [View article]
    Because of fears of a slow down in Europe/ Russia and South America. Try to read the business press, if can be quite enlightening! http://on.wsj.com/1rfKZEg
    Oct 16 12:45 PM | 2 Likes Like |Link to Comment
  • General Motors' Problems Are About To Get Worse [View article]
    What an absolutely useless article. I'm surprised that this garbage is even allowed on this site. The only positive I got from this was Mr Spacely's excellent comments in reply. I won't repeat Mr Spacely's comments, but will just add that the "discounts" referred to in the article are not even GM discounts for the most part, but dealer discounts. As Mr Spacely indicated, GM's incentives lag the market and significantly lag GM's domestic peers. GM's incentives are particularly low when you consider their ATPs which is amongst the highest for any car maker selling in the US. As for stop orders on GM vehicles, the Cruze stop order was repealed in about a week, so is ancient history. The Canyon/ Colorado stop order impacted very few vehicles as production had just commenced, and it has also been lifted. The Cadillac CTS stop order impacts only Cadillac CTS's with keys, so that means it does not impact the current generation CTS, only a few of the older pre-14 model year 2nd generation sedans still on dealer lots and a few base 14 and 15 coupes. I doubt the idiot that wrote this even knows the 3rd gen CTS uses a keyless ignition!

    With the deluge in recalls by FCA, Toyota, Honda, Ford and others, GM’s recall mess is just part of background noise, and likely will not impact GM sales going forward. With the fall in gas prices, and Ford cutting F-150 production to ramp up their 15 F-150, I expect GM sales of trucks and large BOF SUVs to go up, bringing higher ATPs and margins, and with the new focus on Cadillac marketing I also expect that division to do much better. A NA 10% margin may be possible in the next year. The only risks are China slowing down (BTW GM sales there for Q3 were up double digits) and Russia/ Europe. But with the current low share price, if you know anything about the industry, now is the time to seriously consider buying GM shares!
    Oct 16 12:40 PM | 7 Likes Like |Link to Comment
  • General Motors: Effects Of The Recalls Will Become Apparent [View article]
    "The automaker ended the month of June with a 72 day supply equivalent to 798,532 units in stock. If the matter isn't resolved within 72 days the company will be out of stock and will lose approximately $377 million per day based on the average transaction price of $34000."

    Just what the sam-hell is this supposed to mean? Are you really so damn stupid as to believe that General Motors South Africa has 798,532 units in stock? They only sell about 6000 units per month moron! The 798 532 number is probably US stock, which has F-all to do with what is happening in South Africa- last I looked GM didn't sell many South Africa produced RHD Isuzu KB, Chevy Ute or Chevy Sparks in the US! Seeking Alpha needs an editor who actually knows something about the auto industry to fact check this garbage!
    Jul 17 10:00 AM | 2 Likes Like |Link to Comment
  • General Motors releases Q2 and 1H sales totals [View news story]
    So the US recall mess is to blame for decreased sales in Europe, Brazil and Russia but not the increase in GM sales in the US (whre sales are up a healthy 2.5%)? And the decision to pull Chevy from Europe and the economic down turn in Russia and Brazil played no part in the decreases? Really? Seriously?
    Jul 16 03:40 PM | 2 Likes Like |Link to Comment
  • General Motors Generally Lacks A Motive [View article]
    Dude you are really try my patience. The 2013 and 2014 recalls had to do with what? A steal-belt cable on Lambada CUVs. Wiper motors on the CTS. Transmission programing on pickups. Airbags on the Cruze. In otherwords nothing that caused the problems in the Cobalt/G5 and Ion. And yes, since 2011 at least there has been much more sharing in GM of parts, so its possible the Cruze built in Australia and Korea could also be recalled for its airbags. Except, the US Cruze uses a different airbag supplier than Cruzes made in Australia and Korea. The Lambada SUV is only sold in North America and in small numbers in the Middle East and China, so you may get small recalls there. The CTS is only sold in North America in numbers (small numbers are in Europe and the Middle East). The large GM pickups are sold in North America, with tiny numbers exported to the Middle East. So the issue is not that big, and ultimately, any recall campaign depends on a particular nation's recall rules, many counties don't require a formal recall like in the US. So don't expect any big GM recalls in other parts of the world. Oh and by the way, what do you make of BMW's recall of 1.3 million cars today?
    Jul 16 03:29 PM | 2 Likes Like |Link to Comment
  • General Motors Generally Lacks A Motive [View article]
    I trust you mean "enquiring investor minds". Have you every enquired about how many Chevy Cobalts, Saturn Ions or Pontiac G5s were made or sold in Europe or Asia? None! That is why the switch issue did not affect GM in those parts of the world. If you knew even a little about the auto industry you would know that. You would also know that until fairly recently, GM was never a true global automaker. Its European and Asian operations designed their own cars and used their own parts (yes, including switches). They also ran their own recall campaigns, so there is no major backlog of recalls out there. Sorry to burst your little negative balloon! That GM is now becoming a global automaker is why GM is now such a great investment opportunity- they are finally operating as a global enterprised with shared architectures, engines and parts. Their costs should continue to improve as should the features of their vehicles as economics of scale kicks in.
    Jul 15 10:04 AM | 6 Likes Like |Link to Comment
  • GM Sales Power Up With Help Of Recalls [View article]
    Ok genius, how exactly would being in charge of all engineering in 2011 give her knowledge of something that happened between 2005 and 2007 with a car that was replaced in 2011 by the Chevy Cruze? In 2011 she would have been busy engineering the 2014 model range, not the 2005 models!
    Jul 13 03:02 PM | 2 Likes Like |Link to Comment
  • U.S. auto sales: Industry prices lower, but don't blame GM [View news story]
    Dude, you just beat me to it! Where is funfun when I'm having fun??
    Jul 1 03:51 PM | 5 Likes Like |Link to Comment
  • General Motors June U.S. sales [View news story]
    Below are the June average transaction prices:

    American Honda (Acura, Honda) $26,946
    Chrysler Group (Chrysler, Dodge, Fiat, Jeep, RAM) $33,089
    Ford Motor Company (Ford, Lincoln) $34,301
    General Motors (Buick, Cadillac, Chevrolet, GMC) $35,738
    Hyundai-Kia $24,438
    Nissan North America (Nissan, Infiniti) $27,502
    Toyota Motor Company (Lexus, Scion, Toyota) $29,828
    Volkswagen Group (Audi, Volkswagen, Porsche) $38,640
    Industry $32,342
    Jul 1 10:55 AM | 4 Likes Like |Link to Comment
  • This GM Bull Says 'Sell General Motors Right Now' [View article]
    For those interested, here are the estimated June average transaction prices. Sorry GM haters, you look stupid (again):-

    American Honda (Acura, Honda) $26,946
    Chrysler Group (Chrysler, Dodge, Fiat, Jeep, RAM) $33,089
    Ford Motor Company (Ford, Lincoln) $34,301
    General Motors (Buick, Cadillac, Chevrolet, GMC) $35,738
    Hyundai-Kia $24,438
    Nissan North America (Nissan, Infiniti) $27,502
    Toyota Motor Company (Lexus, Scion, Toyota) $29,828
    Volkswagen Group (Audi, Volkswagen, Porsche) $38,640
    Industry $32,342
    Jul 1 10:51 AM | 1 Like Like |Link to Comment
  • This GM Bull Says 'Sell General Motors Right Now' [View article]
    If GM's sales are weak, what do you call Fords sales (down 6%)? I'd sooner believe GM's PR flim-flam than your biased nonsense!
    Jul 1 10:33 AM | 1 Like Like |Link to Comment
  • This GM Bull Says 'Sell General Motors Right Now' [View article]
    Tepid? And what were Ford's sales sunshine? Down 1.4%! If GM going up is tepid, what is Ford going down 1.4% without the recall mess GM has on its hands? A disaster?
    Jul 1 10:25 AM | 1 Like Like |Link to Comment
  • This GM Bull Says 'Sell General Motors Right Now' [View article]
    GM sales have not been reported yet, so how do you know this? GM sales are predicted to be lower, but those are just predictions. Even if they are lower, I'd like to see the fleet/ retail mix- a lot of fleet buying was bought forward into May, so June will have lower fleet. If retail is down a lot, then we can say there is indeed blowback caused by the deluge of recalls.
    Jul 1 09:10 AM | 2 Likes Like |Link to Comment
  • This GM Bull Says 'Sell General Motors Right Now' [View article]
    Why do you bother to comment, you seem like a moron. GM did nothing wrong, it built the Cruze correctly, its a supplier issue. Oh and did you notice that GM had the best quality of any auto manufacturer in the 2013 JD Powers Satisfaction survey? So much for junk!
    Jun 27 11:49 AM | 10 Likes Like |Link to Comment
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