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General Motors Reports Huge Loss For '07
Yahoo News ^ | February 12, 2008 | AP

Posted on 02/12/2008 4:46:14 AM PST by John W

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To: Eric in the Ozarks

Had the same recall on my ‘99. By far the best vehicle I ever owned, 153K miles and I belive just getting broke in. Bought the bride an ‘07 Envoy last summer. Though I don’t drive it, I expect to be just as pleased with this model. We tested the competition and nothing compared to the GMC.


21 posted on 02/12/2008 6:14:48 AM PST by WinMod70
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To: mamelukesabre

“GM barely retained its title as the world’s largest automaker in 2007, selling just 3,000 more vehicles than Toyota Motor Corp. GM sold a total of 9,369,524 vehicles worldwide, up 3 percent from the year before.”


22 posted on 02/12/2008 6:31:14 AM PST by John W
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To: Virginia Ridgerunner
My 2002 union-built S-10 pick-up truck is one such crappy vehicle.

The last high-quality UAW product I bought was a Colt Delta Elite.
23 posted on 02/12/2008 6:39:16 AM PST by ConservativeWarrior (RUDY GUILIANI 2008 - STRENGTH (on Abortion and Gun Control) & LEADERSHIP (of gay Pride Parades))
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To: TheBattman

I’ve been a vocal critic of the quality of American vehicle until just recently. At least when it comes to GM. The last year or two, they’ve really improved the qulaity of their vehicles accross the board. The Tahoe/Yukon is a quality vehicle and would be selling a heck of alot more if it were not for the high gas prices altough they still sell alot of them in Texas. Ditto for the new Silverado truck. I drive a 2007 Chevy Avalanche and love the handle of the ride. The 2008 Malibu is getting reviews that were only reserved for the Camary and Accord just a year or so ago.

Chrysler has some attractive vehilces but I’ve heard alot of mechanical problems and piss pour customer service. Ford really hasn’t built anything lately that makes me turn my head.


24 posted on 02/12/2008 6:39:25 AM PST by The South Texan (The Drive By Media is America's worst enemy and American people don't know it.)
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To: Virginia Ridgerunner
I review cars at my magazine and others (www.technofile.com) and have never been a GM fan. I spent a week with the new Cadillac CTS last week and loved it.
This week I have the Lexus GS 450h hybrid and loved it before. Now, risking getting struck by lightning, I prefer the Caddy.
Never thought I’d ever say that!
25 posted on 02/12/2008 6:39:40 AM PST by gymbeau (I always wanted to be the first buffoon on the moon)
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To: John W
We're all gonna die!!!!

26 posted on 02/12/2008 6:40:50 AM PST by Lazamataz (Why isn’t this in Breaking News????)
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To: John W

How far up with the stock market go on this news? /sarc


27 posted on 02/12/2008 6:41:53 AM PST by Brian S. Fitzgerald ("We're going to drag that ship over the mountain.")
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To: advertising guy; BraveMan
"all Chevys .except the Vette..."

Story of my life.

"...I do work for GM and have for 21 years."

Tell your GM coworkers the C6 has been one of the most magnificent automotive driving experiences I've ever had, easily topping the C5 & that was no easy goal.
Add to the superior handling & styling the MZ6 gearing has delivered an astounding 30MPG, highway. As long as performance *demands* aren't made of the LS2 --and one's not burning the garbage ethenol-- the LS2's surprisingly gas-stingy. I'm hoping our future LS3 is at least as good, we know it'll deliver more performance.

Hey world automakers, top that.

We've an Infiniti FX-35, love it. Great fit & finish and styling. BUT reliability has been no better than our 4 GM products, impeccable for 'em all. Unfortunately the Infiniti's twin cam 24 valve V6 is one hell of a gas guzzler, simply awful and unlike anything we've ever owned, and we've owned a lot.

Because of the Infiniti's lousy mileage we'll be considering the Buick Enclave when time comes to turnover the FX.
Buick hits a home run clean outa the park with Enclave styling we fell. Close to or even topping the FX-35 but without the price tag. Reasonably decent mileage will cinch the deal for our acquiring a new Buick.

My pal's Saturn RL's been one hellova great car, also.
Fabulous looks/styling & features in a small, efficient package. The RL delivers performance one wouldn't believe from a 4 cylinder that'd shame a Honda S2000, again minus the S2K's price.

GM builds marques delivering satisfaction, performance & reliability far exceeding anything built today by 98% of the other car manufacturer on the planet, hands-down.

Nice job.

...keep it up. ;^)

28 posted on 02/12/2008 7:25:33 AM PST by Landru (~& when the band you're in starts playing *different * tunes...)
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To: Landru

our humble pleasure and my compliments on your details

The Z06 is a titanium shell with carbon fiber outside. The computer to brake and motor interaction in unparralled in the auto industry. And this world class auto is MSRP’d at 76 to 79k.........240k less that what is not even close. The Z06 does not suffer the mandated gas guzzler tax as well....let that sink in.
....the coming 4.5 litre diesel built in conjunction with Allison transmission will be fitted in the Tahoe, Suburban, a rear wheel drive Impala.

...The current model of the Malibu is equally unparralled as well and industry leading in cost,warranty and awards.

....we haven’t even mentioned the coming Camaro either...


29 posted on 02/12/2008 7:48:13 AM PST by advertising guy (if computer skills named us , I'd be backspace ,delete.)
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To: mamelukesabre
The losses came from the credit card division...GMAC financing.

The $1.2 billion charge for GMAC doesn't figure into the $4.4 billion operating loss for 2007. As it stands right now, GM loses money making automobiles, with profitable overseas operations partially offsetting larger North American losses.

GM is still the number one automaker in the world.

There is some debate over this point, involving sales accounting for minority ownership for Chinese subsidiaries, but if GM can't make a profit, it's something of a moot point.

30 posted on 02/12/2008 8:13:04 AM PST by Hoplite
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To: John W
Just gotta say this: the f***ing gas gauge died on my 2001 GMC safari. Whoever heard of a gas gauge failing? And it will cost a few hundred bucks to get it fixed. And the plastic the door panels are falling apart, too.

What kinda crap is that?

31 posted on 02/12/2008 8:17:00 AM PST by r9etb
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To: advertising guy; BraveMan
"our humble pleasure and my compliments on your details"

:^)

"The Z06 is a titanium shell with carbon fiber outside. The computer to brake and motor interaction in unparralled in the auto industry."

Amen, and it's so much more and that doesn't even take into account the anticipated ZR-1.

*If* the Z06 were available in anything other than a FRC, I'd snatch one up as fast as it moves. Trust me.

"And this world class auto is MSRP’d at 76 to 79k...240k less that what is not even close."

HA!!
Just in case you GM guys missed it?
Feast your eyes on THIS.
{~pay special attention to the kibitzing going on inside the F-Car, the POV this film was shot [from]. ;^) }

"The Z06 does not suffer the mandated gas guzzler tax as well...let that sink in."

Oh it sunk, alright. :o)
Be that as it may when I saw what GM, Ford & Chrysler began offering --nevermind what they *planned*-- ie several vehicles in excess of 500HP AND well within CAFE Standards on fuel economy?
I knew the nanny staters would NEVER stand for it, if for no other reason than their not tolerating the sight of a few fortunate Americans enjoying themselves. And they haven't; hence, the *new* CAFE.

New standards which may very well be the straw that broke the camel's back; insofar, as the great American cars are concerned. American products will be on an eye-to-eye level with the Asian (mainly) imports, that is to say awful --if not totally nonexistent styling and performance so banal one may very well fall asleep approaching their car.

"...the coming 4.5 litre diesel built in conjunction with Allison transmission will be fitted in the Tahoe, Suburban, a rear wheel drive Impala."

What's the skinny on this 4.6L??
What makes it so special?

"...The current model of the Malibu is equally unparralled as well and industry leading in cost,warranty and awards."

Bought my bride a work car for commuting from our place in the country into the city, a Cobalt SS w/ all options. She loves the thing and while performance isn't in the same league as the LSx series, it is peppy and MPG are on a par with my pal's RL. Plus it has all the safety stuff one could ask these days of a new automobile.

"...we haven’t even mentioned the coming Camaro either..."

Be interesting seeing one of these things up-close & personal. Find out what Chevrolet has in mind for the new iteration of the Z28?
Z28s were the cars I'd been buying the bride for her business/grocery-getter rides for years, last one being a SS.
Loved 'em *all*, without exception which is why we continued buying.

Listen advertising guy, OT, do me a favor.
DUMP Mellencamp for Chevrolet's truck campaign, will ya?
Every single time it comes on --without exception-- we race for the remote to mute him, we just cringe.
Is *that* really the reaction GM/Chevrolet is looking for?
I'm inclined to doubt it, myself. ;^)

At least consider what I've said because there're all to many who know what the leftist flake really represents, and it ain't America; nevermind, GM's product(s). Having Mellencamp front for Chevrolet is as absurd as Harley-Davidson choosing the other little slob to play their birthday bash.
Just *nutz*.

Now having ZZ Top play the birthday bash in Nashville for the 50th anniversary in '03, that was a good move.

...save for [the] Southern Baptists in attendance? :o)

32 posted on 02/12/2008 8:59:23 AM PST by Landru (~& when the band you're in starts playing *different * tunes...)
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To: r9etb
"Just gotta say this: the f***ing gas gauge died on my 2001 GMC safari. Whoever heard of a gas gauge failing?"

It's due to lousy gas with too much sulfur content screwing up the transducer, Shell was the worst offender.

"And it will cost a few hundred bucks to get it fixed."

You're lucky that's all it'll cost, the tank has to come out to access the level sensor and in some models you wouldn't believe what [that] involves.

"And the plastic the door panels are falling apart, too. What kinda crap is that?"

People demand the best possible MPG, AND, power/torque; especially, the owners of P/U trucks.
That means a vehicle has to be as light as possible with, generally, a V8 powerplant.
To instantly boost a horse power to weight ratio means using lightweight materials, ie plastics, everywhere possible.

...just the way it is.

33 posted on 02/12/2008 9:10:02 AM PST by Landru (~& when the band you're in starts playing *different * tunes...)
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To: jeddavis
It’s been some time now since GM made a crappy vehicle.

They make average quality vehicles, or slightly below average quality vehicles.

They charge more than average prices for them.

While there are some exceptions, GM vehicles just aren't a very good value for the money. There sales are as good as they are because of brand loyalty, and people who believe strongly in buying from an American car company.

34 posted on 02/12/2008 10:20:49 AM PST by untrained skeptic
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To: Landru; advertising guy
I simply have to chime in here.

Our household has two GM vehicles. Both have been extremely reliable, though one’s not old enough yet to make any bold reliability claims.

Not too long ago I took delivery on an ‘08 Saturn Sky Redline. The car outperforms similar vehicles costing $10K more and gets great mileage (beyond 30+ mpg at highway speeds). The WORST mileage I can get is around 22 mpg; this from a car that trots 0-60 mph in 5.5 seconds.


35 posted on 02/12/2008 12:08:45 PM PST by BraveMan
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To: John W; DCPatriot
The loss largely was due to a third-quarter charge related to unused tax credits...lost $23.4 billion because of a change in health care accounting,...Fourth-quarter charges included $622 million to Delphi Corp., GM's former parts division, for its restructuring efforts...GM's results also were dragged down by its 49 percent stake in GMAC Financial Services..

Oh, thank God it had nothing to with the cars they build.

36 posted on 02/12/2008 12:17:31 PM PST by Designer
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To: jeddavis
"It’s been some time now since GM made a crappy vehicle."

What'd they do, forget how?

37 posted on 02/12/2008 12:19:02 PM PST by Designer
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To: John W

Really sad about GM. However, no business can stay in business over the long term with their insanely bloated cost structure and the way they have given the store away to the unions.

I used to teach classes at the Oklahoma City GM plant before they closed it down. That plant produced the Envoy and the Trailblazer (mid-sized SUV’s). When gas prices went over $3 a gallon you could hardly give those SUV’s away - they got around 15 MPG in town.

I can’t understand why GM isn’t producing cars getting 50, 75, and 100+ MPG. I drive a 2000 VW Jetta turbodiesel that gets 55 MPG on the highway. If GM was producing cars with this kind of fuel efficiency, I’m sure more people would be buying.

GM needs to go completely go non-union, take a long, hard look at Toyota’s success, trim expenses to the bone, get lean and mean, and dramatically raise the fuel efficiency in their vehicles.


38 posted on 02/12/2008 12:21:17 PM PST by Lions Gate
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To: BraveMan
"I simply have to chime in here."

Well, about time.
Never thought you'd ever get outa the engineering meetings, geshhh. :o)

"Our household has two GM vehicles. Both have been extremely reliable, though one’s not old enough yet to make any bold reliability claims."

Trust me, the RL's about as bullet proof as anything GM's built, ever, and as for the Escalade? If nothing major's gone south yet, it ain't likely. Got a good one, there.

In any event, I've an idea.
I'd be willing to wager a small, modest stipend the RL will not have any recalls or other major failure(s) for the first year you own it, BM.
Name the bet.

Of course TSBs aren't included, even tho' Saturn will attend to whatever TSB's might be issued, promptly and at no cost to you.
That's just how GM's been doing business, why we're such loyal customers.

"Not too long ago I took delivery on an ‘08 Saturn Sky Redline."

Yea.
And one of these days you may even get to drive the damned thing, too. {g}
The price we're all paying for Global Warming, I guess. ;^)

"The car outperforms similar vehicles costing $10K more and gets great mileage (beyond 30+ mpg at highway speeds). The WORST mileage I can get is around 22 mpg; this from a car that trots 0-60 mph in 5.5 seconds."

Uh-huh; BUT, it's the killer looks that hooked me, and K, for that matter because you've NOT let me drive it.
It's a little missile, a rocketship I *will* drive sooner rather than later, more rather than less.

Getting out-of-this-world mileage on top of all the other outstanding attributes of the car?

...just sauce for the goose. ;^)

39 posted on 02/12/2008 2:06:52 PM PST by Landru (~& when the band you're in starts playing *different * tunes...)
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To: advertising guy

Will the Camaro SS have the 500hp LSA? Is GM coming out with a Stage 2 performance package for the Sky Redline that includes CAI, Cat-Back, Intercooler and reflashed ECM?


40 posted on 02/12/2008 2:15:09 PM PST by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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