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Old 03-30-2019, 09:15 PM
 
Location: Silicon Valley
5,302 posts, read 2,345,849 times
Reputation: 8539

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The assembly of a vehicle represents very little of the total cost of building a vehicle. The designs, the components, the related products made because of the supply chain, the engineering and the R&D. When you buy an American vehicle, you support all of that. When you buy a foreign vehicle only assembled in the US, you're paying for cheap labor and some clever tax accountants. 3 domestic buys will create a job. 50 assembled only buys will create that same job.



Yes, Detroit got caught napping in the 80's. That gap has been closed. Yes, the importers make good quality cars, but so does America....and yes, NAFTA gave the automakers some flexibility to fight back against cheap imports using even bigger advantaged points of entry.



At the end of the day, do you support America? For many people....it's when it's convenient for them.



It's a good thing WWII wasn't fought today.
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Old 03-30-2019, 10:18 PM
 
Location: plano
7,248 posts, read 8,954,760 times
Reputation: 6869
Quote:
Originally Posted by easy62 View Post
Why banks make profits also and there were over 400 banks that never paid a cent back to the federal government when they got bailed out either, we don’t hear anyone complaining about that do we, it’s always GM that people remember.
Mortgage companies and other lenders made liar loans that crashed the economy and nearly sunk the financial system.. It was dumb for both parties to allow liar loans the banks made money bundling them until the loans went bad. Banks would have had nothing to bundle that turned bad except for borrowers lying to get loans because they knew they would not be held accountable. I blame DC, both parties and lying borrowers more than banks but they didn't help this mess for sure.

GM was in trouble before this mess slowed car sales nd sunk them except for the baIlout. I fear that just delayed their reckoning.
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Old 03-30-2019, 11:58 PM
 
28,703 posts, read 42,072,058 times
Reputation: 37520
Quote:
Originally Posted by Quietude View Post
Well, you know, they don't make a truck that can haul a ton of gravel and a horse trailer 1,000 miles up the spine of the Rockies without a stop. So what good are they?

People who bash Tesla don't tend to invest in them. Moot point.
And they miss the point of a Tesla. They score a total miss for understanding the difference and the reason for the difference.

Being dense is one thing. Trying to make a point by being dense must really be embarrassing.

But I understand their defensive posture. If they are afraid of new things they must attack. Kind of like when cars first appeared and those with horses went ballistic.

Reminds me of Luddites.
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Old 03-31-2019, 12:01 AM
 
28,703 posts, read 42,072,058 times
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Originally Posted by OutdoorLover View Post
I also don't understand the hostility for GM. We're certainly better off with them operating, and yet some seem to want them to go under.
Not me. But I wish they were more forward thinking. Will they replace the Volt? The Bolt is a nice vehicle if your daily drive is less than 200 miles, but a PHEV will go cross country without the extended stay required for a charge.
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Old 03-31-2019, 06:58 AM
 
Location: Metro Detroit Michigan
5,734 posts, read 2,098,060 times
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Quote:
Originally Posted by southernnaturelover View Post
GM isn’t why those suppliers are here, they are here because of the companies I mentioned.
But GM is a big customer for those suppliers so yes GM creates jobs because if GM didn’t buy from them then the would not need the same amount of employees so GM benefits their local economy.
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Old 03-31-2019, 09:39 AM
 
1,380 posts, read 934,758 times
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Quote:
Originally Posted by duster1979 View Post
GM hasn't "made" anything. They own 1.6 million shares of Lyft stock that are now worth $1.3 billion based on Thursday's initial valuation of the IPO. The initial investment was $500 million, so IF they sold the stock today they would make roughly $800 million, less broker's fees.

But they can't sell it today. They have to hold the stock six months after the IPO. New stocks often go crazy the first week; it's already jumped to $87 and back down to $77 since trading opened. It could be $50 by next week. Lyft lost $900 million last year, if they project to do that again it could be a penny stock by the time GM can move it.

So thanks for posting a story about nothing of any consequence whatsoever.

That's what Easy62 does. She posts links to sensational "Yahoo entertainment type" stories all day long.
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Old 03-31-2019, 09:41 AM
 
1,380 posts, read 934,758 times
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Originally Posted by easy62 View Post
But if it were Tesla everyone would be congratulating them but since it’s GM then let’s boohoo them.
Beacause GM is an outdated dinosaur, if it weren't for trucks they wouldn't exist anymore.
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Old 03-31-2019, 10:14 AM
 
Location: Metro Detroit Michigan
5,734 posts, read 2,098,060 times
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Originally Posted by gtt99 View Post
Beacause GM is an outdated dinosaur, if it weren't for trucks they wouldn't exist anymore.
Yep if you say so, then all the American automakers are right, you would be happy to see all their workers on the unemployment line right, you’re one hell of a American citizen. Root for the foreign automakers and get rid of the American ones.
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Old 03-31-2019, 10:23 AM
 
1,380 posts, read 934,758 times
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Quote:
Originally Posted by easy62 View Post
Yep if you say so, then all the American automakers are right, you would be happy to see all their workers on the unemployment line right, you’re one hell of a American citizen. Root for the foreign automakers and get rid of the American ones.
Tesla is an American company. I was not referring to the American worker but rather to an American company that's putting their own workers on the line by not keeping up with progress and reliability.
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Old 03-31-2019, 11:41 AM
 
6,407 posts, read 3,757,375 times
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The largest components of cost for the lines are the buildings and fixed assets (automation and other fixed assets). The faster the can unwind underperforming lines the better for Gm.

The next recession is going to impact colleges/universities/autos the hardest. You need to be a lean efficient business that can scale inward to survive the storm. Coming out the other side will be an incredible opportunity for autos but they must be able to survive.

I am concerned for Tesla’s sake but we’ll see...
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