Saturday, January 07, 2006

Believe me I have ALWAYS been a GM hater...but

Believe me I have ALWAYS been a GM hater .. Despite all the doom and gloom don’t write GM off so fast ,sales are up over 35.2% in China one of the worlds fastest growing car markets , General Motors Corp. may have unseated Volkswagen as the top foreign seller in China in 2005, outpacing its European rival and giving it an 11.2% market share. GM will benefit from an unprecedented number of new and upgraded product introductions as well as a growing portfolio of brands On the home front Chevrolet was the best-selling brand in the U.S. market in 2005, outpacing Ford for the first time in 19 years. OnStar, the wholly-owned subsidiary of General Motors grew to nearly four million subscribers in 2005, a thirty percent increase over 2004. And surveys show over seventy-five percent of current subscribers would want the service in their next vehicle and nearly ninety percent would recommend it to others, GM has been restructured its product development process, hoping to make it as fast and efficient. One measure of success is the speed with which it is moving new product to market. Through the early 1990s, it took the automaker five years,to get product to market Now the newest vehicles, average around the 20-month’s range, and some products only 16 months. And finally it is really all about the Cars lets face it ,Lots of new and interesting products are now rolling out of GM for the first time in years. The all-new 2007 Pontiac Solstice GXP roadster will arrive in dealerships in the Fall o powered by a turbocharged variant of the 2.0L ECOTEC. The engine also utilizes direct-injection for an impressive 260 hp. The Buick Lucerne is off to a good start, generating buzz on network television and earning “Best New Car” in the $30,000 to $45,000 category from Kiplinger’s Personal Finance magazine. And The Chevy HHR , and the all new Corvette Z06 also look very impressive. Perhaps Making General Motors and there cars the buying opportunity of the decade .I did a lot of tweaking, some of the facts came from the usually suspects of financial sites, a GM blog and some other auto sites, it took a lot of research to find some positives which made me very suspicious and in turn turned me more positive on GM. The Chinese market share and the love of Buicks by the Chinese people got me thinking. What kind of company GM will be in the future, I am not sure a lot of questions need to be answered. The trick now is to figure weather GM will use bankruptcy to make the hard decisions or not. This obviously makes quite a difference for investors. Always remember Investments involve risk, potential loss of principal, volatility, no guarantees.

4 comments:

Anonymous said...

These are good points.

Anonymous said...

Remember GM is a company that told everyone in 1978 that there is no market for small cars in the USA. There is a very significant credibility problem. I think people have grown tired of the excuses and false promises. They need to put up or shut up, and no tax payer bailouts....

Anonymous said...

You can see my views on bankruptcy at http://www.carlist.com/autonews/2006/autonews_233.html Globally, American cars are revered. The question is how to rebuild confidence in the American people for American brands. The ironic part of this equation is that they don’t have to rebuild confidence in American-made products. Americans are buying every Toyota that Toyota makes in the United States. The same goes for Nissan, BMW and Mercedes

Anonymous said...

I'd be happy to recommend you to the people I know.