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Time to kick GM out of the Dow
CNN Money ^ | June 24, 2008 | Paul R. La Monica

Posted on 06/26/2008 5:55:45 AM PDT by jalisco555

click here to read article


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To: Slapshot68
But you’re right, no matter how nice it drives, the resale value and reputation for better reliability would scare me away from buying one.

The new Malibu is nice, as is the new CTS but given GM's track record I'd need to see at least three years of reliability data before considering either one. Does GM have three more years?

21 posted on 06/26/2008 6:24:38 AM PDT by jalisco555 ("My 80% friend is not my 20% enemy" - Ronald Reagan)
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To: jalisco555
"And in a major sign of desperation..."

an opinion in a "news" story? I'm shocked!

22 posted on 06/26/2008 6:24:53 AM PDT by wny
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To: wny

The article is an editorial.


23 posted on 06/26/2008 6:26:17 AM PDT by jalisco555 ("My 80% friend is not my 20% enemy" - Ronald Reagan)
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To: Psycho_Bunny

Just don’t kick ‘em while they’re down.


24 posted on 06/26/2008 6:27:03 AM PDT by RoadTest ( Destroy this temple, and in three days I will raise it up. But he spake of the temple of his body.)
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To: brownsfan

Great call!!!!


25 posted on 06/26/2008 6:27:19 AM PDT by Niteranger68 (Obama is the feces created when shame eats too much stupidity.)
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To: jalisco555

“The new Malibu is nice, as is the new CTS but given GM’s track record I’d need to see at least three years of reliability data before considering either one. Does GM have three more years?”

Yes I like the new CTS as well, but you’re right. This company is on death watch for the next few years.

You know, the stupid thing is GM’s Opel division puts out some very nice cars over in Europe. I think it’s a smart move to have Saturn basically be their rebranded Opels.


26 posted on 06/26/2008 6:27:50 AM PDT by Slapshot68
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To: Slapshot68
You know, the stupid thing is GM’s Opel division puts out some very nice cars over in Europe. I think it’s a smart move to have Saturn basically be their rebranded Opels.

Maybe, but creating Saturn was one of GM's monumental mistakes. The billions they've poured into Saturn should have been spent revitalizing the core brands. Create Saturn and kill Olds? WTF???

27 posted on 06/26/2008 6:30:27 AM PDT by jalisco555 ("My 80% friend is not my 20% enemy" - Ronald Reagan)
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To: Slapshot68

I bought a ‘85 Olds, a ‘93 Saturn and a ‘04 Malibu. Also had a Ford Tauras about ‘00. All new. Not one of em reached 60,000 miles without requiring significant and costly (over $1,500) repairs. Bought an ‘06 Camry. Just turned 100,000 miles. Hasn’t needed anything but gas, oil, tires and breaks. I don’t see my mechanic much anymore.


28 posted on 06/26/2008 6:30:33 AM PDT by wny
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To: jalisco555

“Create Saturn and kill Olds? WTF???”

Yes, agreed...one of the most classic blunders at GM.


29 posted on 06/26/2008 6:31:39 AM PDT by Slapshot68
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To: jalisco555
Photobucket

Time to manipulate the DJI by throwing out a loser & adding in a winner?

30 posted on 06/26/2008 6:33:10 AM PDT by preacher (A government which robs from Peter to pay Paul will always have the support of Paul.)
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To: RoadTest
I agree with you. And I don't.

I just don't buy their vehicles anymore.

And to be fair, Mercedes - which used to be my favorite vehicle - has gone down the crap tube also.

I almost can't believe it but I'm flipping the coin right now between a new Miata and a Honda S2000.

31 posted on 06/26/2008 6:34:32 AM PDT by Psycho_Bunny (Islam: Imagine a clown car.........with guns.)
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To: Slapshot68
Yes, agreed...one of the most classic blunders at GM.

One of many. It's a long list.

32 posted on 06/26/2008 6:34:42 AM PDT by jalisco555 ("My 80% friend is not my 20% enemy" - Ronald Reagan)
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To: jalisco555

I need the reliability, longevity, maintainability, safety, utility, comfort and looks in a vehicle so I buy GM. I see so many little ugly riceburners broken down on the side of the Interstates as I travel, I don’t see the facination with those things.


33 posted on 06/26/2008 6:41:47 AM PDT by Proud2BeRight
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To: Proud2BeRight

That’s fine if it works for you. My one foray with buying domestically, a Dodge Grand Caravan purchased in 1995 during my soccer dad phase, was a nightmare.


34 posted on 06/26/2008 6:45:39 AM PDT by jalisco555 ("My 80% friend is not my 20% enemy" - Ronald Reagan)
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To: Slapshot68
I just rented an Impala for a trip. Wasn't overly impressed, but it had a big trunk which was what I needed in that particular instance.

My Dad said that the Impala "Wished it was a Cadillac". I thought that summed up the car very well. A cheap car, just whitewashed to look more impressive.

35 posted on 06/26/2008 6:45:59 AM PDT by wbill
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To: jalisco555

I bought an new Olds diesel, the year eludes me now, and it ran for 27 miles before crud screwed up the injection pump. After a rebuild, it ran for about 35K miles and required another repair to the pump. When it ran, it was a nice car. I subsequently bought a Honda Civic which I put 359K miles on. It also got 40+ mpg so it paid for itself in fuel savings.


36 posted on 06/26/2008 6:46:21 AM PDT by Citizen Tom Paine (Swift as the wind; Calmly majestic as a forest; Steady as the mountains.)
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To: Citizen Tom Paine
I subsequently bought a Honda Civic which I put 359K miles on. It also got 40+ mpg so it paid for itself in fuel savings.

Last month the Civic was the best selling vehicle in America. GM has nothing that can compete with it.

37 posted on 06/26/2008 6:48:39 AM PDT by jalisco555 ("My 80% friend is not my 20% enemy" - Ronald Reagan)
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To: Slapshot68; jalisco555

>>“Create Saturn and kill Olds? WTF???”

>Yes, agreed...one of the most classic blunders at GM.

A classic example of a lack of a steady hand at the wheel. Saturn was created to battle the imports. The first Saturns had no corporate twins in the US. They were different, and had a Japanese car feel to them. Saturn had a cult like following, and was making inroads with buyers who would buy foreign. But GM decided sales at Saturn weren’t robust enough, (no patience from management), and that Saturn was too much competition for Chevrolet and Pontiac, so they mainstreamed Saturn, (loss of vision and direction). Now Saturn offers corporate twins to Chevrolet and Pontiac offerings.

They should have either kept Saturn on the original track, or better yet, not start Saturn and still kill Oldsmobile. GM really only needs 3 brands, Cadillac, Pontiac, and Chevrolet. Ford is kicking thier butts with 2 brands. My wife just bought a new Escape. Great vehicle. I know it’s a rebranded Mazada, but that’s a good thing. It’s the first new car we’ve owned that didn’t have to go back early for little tweaks and fixes.


38 posted on 06/26/2008 6:48:48 AM PDT by brownsfan (Algore makes P.T. Barnum look like a piker.)
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To: Slapshot68
The problem is that most Japanese, and now Korean with the emergence of Hyundai, customers are satisfied.

Just look at their warranties. The Detroit Three, only give three (3) year or 36,000 mi or five (5) year or 60,000 mi for their basic warranty. They don't believe in their own product to last to 10 yrs or 100,000 miles. And I wonder, does Ford worry about honoring a free tune-up at 100,000 miles, or do they figure it will not cost them much, because the original buyers will have sold them off, and the warranty doesn't travel to the second owner or beyond.

I'm a proud owner of a new KIA RIO5, with a 10 yr/100,000 MILE Warranty since Monday, getting over 35 mpg on the highway.

39 posted on 06/26/2008 6:49:07 AM PDT by rerat0120
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To: DemonDeac

“GM can’t just build an equal car to win them back, they must build a car that is clearly better and they’ve yet to show they can match things like the Accord.”

Well, the new Malibu, which plays in roughly the same segment (or did, although the Accord has now moved up to “large car” status), has gotten great reviews and won a lot of awards. It certainly looks the part of a handsome, but bland Japanese-style transportation module. I’m still skeptical, though, because by most accounts the previous generation Malibu was a pretty crappy effort. Will that nice-looking interior hold up over 5 or 10 years? Will it turn out to have some horrendous drivetrain problem which GM and its dealers will refuse to deal with properly?


40 posted on 06/26/2008 6:50:56 AM PDT by -YYZ- (Strong like bull, smart like ox.)
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