Electric vehicle roundup: 1) The tiny plug-in car market segment will have two entrants with lease options at $199 per month - the Chevrolet Spark (GM -1.3%) and the Nissan Leaf (NSANY.OB) - as the automakers appear willing to take some losses to keep the segment alive and kicking. 2) In China, an EV rental project in Beijing draws solid interest. Electric vehicles in the city are already popular for short commutes with over 2.7K electric taxis slated for service by the end of the year. 3) An Elon Musk interview on Bloomberg TV dissects the Tesal Motors (TSLA +1.8%) DOE loan payoff in great detail. He also says he thinks the automaker has enough capital to avoid future capital raises. (audio) [View news story]
More like, lose money on this car, make money on all of the rest and learn all you can until the market/infrastructure/... catch up...
General Motors (GM) plans to spend $200M to update dealer showrooms and relocate under-performing outlets. The automaker will focus on dealers in California, New York, and New Jersey in particular in a bid to improve market share in metropolitan areas. Execs think the fresh slate of models will be attractive in areas where GM's market share lags some foreign manufacturers. [View news story]
General Motors (GM) plans to spend $200M to update dealer showrooms and relocate under-performing outlets. The automaker will focus on dealers in California, New York, and New Jersey in particular in a bid to improve market share in metropolitan areas. Execs think the fresh slate of models will be attractive in areas where GM's market share lags some foreign manufacturers. [View news story]
Why, do people in the coastal states have less understanding of how well GM cars are doing in the rest of the nation?
Drive any current GM offering and I am sure you will be excited...
Yesterday's doubled-digit gains in April auto sales for the Big Three (GM, F, FIATY.PK) is another indication that the tables have turned in the automobile industry. The Detroit automakers increased their U.S. market share by 150 bps to 46.2% in just a year at the expense of Japanese automakers (NSANY.OB, HMC, TM). The trend has become so entrenched that Nissan is cutting prices and Toyota is reeling from the realization that its powerhouse Camry is now "boring" to consumers. [View news story]
"Chrysler, Ford and GM are just three of 16 major global automakers competing in the U.S., but they employ two-thirds of America’s autoworkers, purchase nearly two-thirds of the auto parts manufactured here, produce 55 percent of the autos assembled here and conduct most of America’s auto research and development."
"Why do Chrylser, Ford and GM contribute so much more to our economy? Because they conduct the bulk of their engineering, manufacturing, marketing and finance work here. Four out of 10 Chrysler, Ford and GM employees are based in the U.S. At Toyota, Honda, Nissan, Hyundai/Kia, BMW, Mercedes and VW (the seven largest foreign automakers), only five in 100 employees are based here. That eight-fold difference translates into millions of U.S. jobs and tens of billions of dollars in parts sales, R&D and capital investment each year." http://bit.ly/QjEhfq
Chevy Volt: The Enviro-Friendly Way Of Destroying Value [View article]
"Chrysler, Ford and GM are just three of 16 major global automakers competing in the U.S., but they employ two-thirds of America’s autoworkers, purchase nearly two-thirds of the auto parts manufactured here, produce 55 percent of the autos assembled here and conduct most of America’s auto research and development."
'Why do Chrylser, Ford and GM contribute so much more to our economy? Because they conduct the bulk of their engineering, manufacturing, marketing and finance work here. Four out of 10 Chrysler, Ford and GM employees are based in the U.S. At Toyota, Honda, Nissan, Hyundai/Kia, BMW, Mercedes and VW (the seven largest foreign automakers), only five in 100 employees are based here. That eight-fold difference translates into millions of U.S. jobs and tens of billions of dollars in parts sales, R&D and capital investment each year."
General Motors (GM) says the 2015 Chevrolet Cruze Turbo Diesel will deliver 46 miles per gallon, a rating higher than previous estimates from the automaker. What to watch: The era of Detroit gas guzzlers appears to be long gone as the Big Three (GM, F, FIATY.PK) continue to deliver vehicles (diesel and non-diesel) which meet or exceed mileage ratings from Japanese automakers (TM, HMC) for comparable models. The trend from Detroit could also have some impact on EV sales (NSANY.OB, TSLA) if consumers decide catching +40 mpg fuel economy is "green" enough. [View news story]
2013 Cruze gas price = $20,000 2013 Cruze diesel price = $22,000 2013 Tesla S 85 kWh price = $72,400
Number of Cruze diesels that can be bought for the cost of Tesla = 3 1/3
General Motors (GM) and Ford (F) have joined together to develop nine- and 10-speed automatic transmissions as part of an effort to make their cars more efficient. The move represents the third time the car giants have teamed up in the last ten years to produce new transmissions. Ford and GM have their eyes on a 2025 deadline to develop cars with a fuel economy of 39 miles per gallon, or two thirds above the average for 2012 vehicles. [View news story]
Good thing there is a 100,000 mile warranty (on the GM side at least)...
Should Investors Really Buy General Motors? [View article]
You are correct Tdot, however, the banks decided to sit on the funds instead of allowing them to be lent to companies like GM. Not GM's fault. Actually not even the government's fault, except to trust that the banks would take trillions of dollars without making billions from it, before they lent it out...
Should Investors Really Buy General Motors? [View article]
GM did acquire Ally Financials International Operations and AmeriCredit here in the US.
Not all of Ford's debt is in Finance, they still owe the government several billion from a loan in 2009 to build more fuel efficient vehicles and other debt acquired during the secured loan process in 2006 (the reason they didn't need a government loan in 2009).
Electric vehicle roundup: 1) The tiny plug-in car market segment will have two entrants with lease options at $199 per month - the Chevrolet Spark (GM -1.3%) and the Nissan Leaf (NSANY.OB) - as the automakers appear willing to take some losses to keep the segment alive and kicking. 2) In China, an EV rental project in Beijing draws solid interest. Electric vehicles in the city are already popular for short commutes with over 2.7K electric taxis slated for service by the end of the year. 3) An Elon Musk interview on Bloomberg TV dissects the Tesal Motors (TSLA +1.8%) DOE loan payoff in great detail. He also says he thinks the automaker has enough capital to avoid future capital raises. (audio) [View news story]
Ford Shares Ready To Shift Gears [View article]
Wall Street Breakfast: Must-Know News [View article]
http://bloom.bg/17XEHlA
General Motors (GM) plans to spend $200M to update dealer showrooms and relocate under-performing outlets. The automaker will focus on dealers in California, New York, and New Jersey in particular in a bid to improve market share in metropolitan areas. Execs think the fresh slate of models will be attractive in areas where GM's market share lags some foreign manufacturers. [View news story]
http://bloom.bg/17XEHlA
General Motors (GM) plans to spend $200M to update dealer showrooms and relocate under-performing outlets. The automaker will focus on dealers in California, New York, and New Jersey in particular in a bid to improve market share in metropolitan areas. Execs think the fresh slate of models will be attractive in areas where GM's market share lags some foreign manufacturers. [View news story]
Drive any current GM offering and I am sure you will be excited...
Yesterday's doubled-digit gains in April auto sales for the Big Three (GM, F, FIATY.PK) is another indication that the tables have turned in the automobile industry. The Detroit automakers increased their U.S. market share by 150 bps to 46.2% in just a year at the expense of Japanese automakers (NSANY.OB, HMC, TM). The trend has become so entrenched that Nissan is cutting prices and Toyota is reeling from the realization that its powerhouse Camry is now "boring" to consumers. [View news story]
"Why do Chrylser, Ford and GM contribute so much more to our economy? Because they conduct the bulk of their engineering, manufacturing, marketing and finance work here. Four out of 10 Chrysler, Ford and GM employees are based in the U.S. At Toyota, Honda, Nissan, Hyundai/Kia, BMW, Mercedes and VW (the seven largest foreign automakers), only five in 100 employees are based here. That eight-fold difference translates into millions of U.S. jobs and tens of billions of dollars in parts sales, R&D and capital investment each year."
http://bit.ly/QjEhfq
Chevy Volt: The Enviro-Friendly Way Of Destroying Value [View article]
'Why do Chrylser, Ford and GM contribute so much more to our economy? Because they conduct the bulk of their engineering, manufacturing, marketing and finance work here. Four out of 10 Chrysler, Ford and GM employees are based in the U.S. At Toyota, Honda, Nissan, Hyundai/Kia, BMW, Mercedes and VW (the seven largest foreign automakers), only five in 100 employees are based here. That eight-fold difference translates into millions of U.S. jobs and tens of billions of dollars in parts sales, R&D and capital investment each year."
http://bit.ly/QjEhfq
GM Is A Bargain: The Growth Drivers [View article]
GM Is A Bargain: The Growth Drivers [View article]
GM Is A Bargain: The Growth Drivers [View article]
If that is the case, how is that helping out the stock price?
General Motors (GM) says the 2015 Chevrolet Cruze Turbo Diesel will deliver 46 miles per gallon, a rating higher than previous estimates from the automaker. What to watch: The era of Detroit gas guzzlers appears to be long gone as the Big Three (GM, F, FIATY.PK) continue to deliver vehicles (diesel and non-diesel) which meet or exceed mileage ratings from Japanese automakers (TM, HMC) for comparable models. The trend from Detroit could also have some impact on EV sales (NSANY.OB, TSLA) if consumers decide catching +40 mpg fuel economy is "green" enough. [View news story]
2013 Cruze diesel price = $22,000
2013 Tesla S 85 kWh price = $72,400
Number of Cruze diesels that can be bought for the cost of Tesla = 3 1/3
Chevy Volt: The Enviro-Friendly Way Of Destroying Value [View article]
The cost to completely recharge the Volt from completely dead over night in suburban Detroit costs about $1.50.
Facts...
General Motors (GM) and Ford (F) have joined together to develop nine- and 10-speed automatic transmissions as part of an effort to make their cars more efficient. The move represents the third time the car giants have teamed up in the last ten years to produce new transmissions. Ford and GM have their eyes on a 2025 deadline to develop cars with a fuel economy of 39 miles per gallon, or two thirds above the average for 2012 vehicles. [View news story]
Should Investors Really Buy General Motors? [View article]
Should Investors Really Buy General Motors? [View article]
Not all of Ford's debt is in Finance, they still owe the government several billion from a loan in 2009 to build more fuel efficient vehicles and other debt acquired during the secured loan process in 2006 (the reason they didn't need a government loan in 2009).