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Point taken. But they were losing money in Europe and most of the southeast Asia/Pacific region, and have pulled out of these markets. The Asia/Pacific restructuring itself will cost them money as well. Do you see all of this retreating as positive news?
As you say, figs not available yet for 2019, but per the article, "GM has forecast a flat profit for 2020 after a difficult 2019"
I take this as very positive long-term news for GM. There is a deep, dark, and painful global recession upon the horizon. As the day of debts comes to roost and all markets adjust the autos that have lean'd back overhead and all unprofitable markets/brands/models will be all the better to weather the storm and come out the other side a stronger company.
GM and Ford are going to lose market share in order to maintain profitability. They are becoming niche companies: North American trucks and SUVs. Good short term strategy but if gas prices suddenly spike they are dead and beyond bailout.
They are circling the wagons around pickups and SUVs, mainly in North America - absolutely true. Now they are spending heavily on new EV development programs, so it may be that they hope to be reborn as EV companies. At this point, none of the new EVs have been released, so we don't know what return they will earn on these big programs with their big cash outlays - stay tuned, these things could be make or break for Ford and GM.
Last edited by OutdoorLover; 02-23-2020 at 07:41 PM..
GM and Ford are going to lose market share in order to maintain profitability. They are becoming niche companies: North American trucks and SUVs. Good short term strategy but if gas prices suddenly spike they are dead and beyond bailout.
In reality, GM and Ford have great flexibility to return to cars. Their CUV's are built on shared unibody platforms that also underpin their cars - they are nothing more than cars with a little lift and a station wagon body. Further, the CUV's and pickups of today are nothing like the ones from early 2000's. They get much better fuel economy and are less susceptible to the fickleness of the consumer should gas prices spike.
[quote=robr2;57409514]In reality, GM and Ford have great flexibility to return to cars. Their CUV's are built on shared unibody platforms that also underpin their cars - they are nothing more than cars with a little lift and a station wagon body. Further, the CUV's and pickups of today are nothing like the ones from early 2000's. They get much better fuel economy and are less susceptible to the fickleness of the consumer should gas prices spike.[/
Unlike Tesla GM knows how to get an assembly plant up and running they and Ford have been doing it a hell of allot longer.
about 18 months to retool their Detroit-Hamtramck Assembly plant for electric vehicle production.
GM did not say when production would resume, but CEO Mary Barra last month said she expects to have an electric truck in the market by fall 2021. LMC expects the retooling process to take about 18 months and that the plant's annual production capacity will decrease to about 100,000 vehicles, from 160,000 today. The plant made the volt and a Cadillac sedan.
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