should i buy some GM stock

[stuckinok 5,000+ posts]

Job losses are soaring, the stock market is sinking, consumer confidence is going down, the retail industry is taking a hit, so yea it's newsworthy. Besides reading your posts is almost as bad as reading SethPhillips.

ouch

 

[loopkiller 10+ year member]

No one pays sticker price.

But if you are only comparing sticker to sticker, isn't that fair? Wouldn't that be more fair than comparing one person's ability to haggle vs another's? If you compare final price, you have a built in bias towards the buyers ability to negotiate the price.

 

[Lugnutz 10+ year member]

An equally equipped Accord is the same price as a Fusion or Impala.

 

[kh971 10+ year member]

No one will bail out my business if I fail. I do have one thing too say, goverment has become so big and so anitcapitalist , that manufacturing comapnies have so much red tape to deal with and all that red tape cost serious money. Take China for example, the comapnies are goverment subsidized at rediculous low loans, no EPA, no EPD, no Unions, no workers compensation, NO FICA, NO FUTA, no providing insurance for employee, no unemployment. My GOD we are being strangled by our own goverment!!!

 

[loopkiller 10+ year member]

Yet the Fusion is a far cry for an Accord. The Impala is "OK" but the Malibu is much better looking. I would look at the Malibu if I was looking for a US only car. After that, I like the Aura, which FAIK is the same car. I will admit that the recent GM cars are "looking" better and have received good reviews. I would for sure take them out for a drive before buying an Accord.

But, they would need to be either cheeper or have more features at the same price to sway me away from Honda.

 

[Lugnutz 10+ year member]

Yea I'm disappointed we don't have sweatshops in the US. If GM goes under, it will have a much bigger impact then your factory. Besides, why does the bailout stop at the banks?

 

[Lugnutz 10+ year member]

Yet the Fusion is a far cry for an Accord. The Impala is "OK" but the Malibu is much better looking. I would look at the Malibu if I was looking for a US only car. After that, I like the Aura, which FAIK is the same car. I wll admit that the recent GM cars are "looking" better and have received good reviews. I would for sure take them out for a drive before buying an Accord.
But, they would need to be either cheeper or have more features at the same price to sway me away from Honda.

Thos are objective opinions. To say the quality isn't on par with the foreign cars, and their are price differences is false. The Accord looks the Fusion to me, but that is objective.

 

[loopkiller 10+ year member]

No one will bail out my business if I fail. I do have one thing too say, goverment has become so big and so anitcapitalist , that manufacturing comapnies have so much red tape to deal with and all that red tape cost serious money. Take China for example, the comapnies are goverment subsidized at rediculous low loans, no EPA, no EPD, no Unions, no workers compensation, NO FICA, NO FUTA, no providing insurance for employee, no unemployment. My GOD we are being strangled by our own goverment!!!

I agree with what you are saying here. But be honest, do you want to have an unsafe factory where you pay your people $2 a day and then dump all of your toxic waste into the river behind your factory? That is your competition. You cannot compete with that as long as people continue to buy the products made in that environment. We need a grass roots movement to educate today's buyers about exactly what it is they are buying from Walmart. Put a face to that low price and maybe, just maybe, you will not see those Chinese sweat-shops as a competitor in the future. If people knew what was behind that low low price, they would be ashamed of themselves.

 

[loopkiller 10+ year member]

Thos are objective opinions. To say the quality isn't on par with the foreign cars, and their are price differences is false. The Accord looks the Fusion to me, but that is objective.

I will not argue that with you then. How about we say that my perception of the US auto industry and their factual track history for the last 20 years is the real issue here. My perception is based on the facts of the past 20 years. Changing that will take time. That is what they (GM, Ford, Chrysler) do not have.

 

[Flipx99 5,000+ posts]

But if you are only comparing sticker to sticker, isn't that fair? Wouldn't that be more fair than comparing one person's ability to haggle vs another's? If you compare final price, you have a built in bias towards the buyers ability to negotiate the price.

Correct. However comparing sticker price is worthless when the business knows people will haggle on price. It's a false sticker price.

 

[Flipx99 5,000+ posts]

I agree with what you are saying here. But be honest, do you want to have an unsafe factory where you pay your people $2 a day and then dump all of your toxic waste into the river behind your factory? That is your competition. You cannot compete with that as long as people continue to buy the products made in that environment. We need a grass roots movement to educate today's buyers about exactly what it is they are buying from Walmart. Put a face to that low price and maybe, just maybe, you will not see those Chinese sweat-shops as a competitor in the future. If people knew what was behind that low low price, they would be ashamed of themselves.

I am aware, but am not ashamed of myself at all.

I will not argue that with you then. How about we say that my perception of the US auto industry and their factual track history for the last 20 years is the real issue here. My perception is based on the facts of the past 20 years. Changing that will take time. That is what they (GM, Ford, Chrysler) do not have.

Then what do they do? Close up shop and //content.invisioncic.com/y282845/emoticons/*******.gif.a649d21efc0d1fd4890a6428166586c1.gif?

 

[kh971 10+ year member]

Even if you did show them, the average american can only afford what is offered at WalMart....nor is there anything else in this country where you can purchase American made goods. Companies like Walmart will not purchase from American manufacturers, because of the price. So consumers cannot purchase American products if they cannot find them.

 

[Flipx99 5,000+ posts]

Even if you did show them, the average american can only afford what is offered at WalMart....nor is there anything else in this country where you can purchase American made goods. Companies like Walmart will not purchase from American manufacturers, because of the price. So consumers cannot purchase American products if they cannot find them.

Then America should compete where it's core competancies are...and it's not sweatshop labor.

 

[kh971 10+ year member]

All i am trying to say is make the goverment get off our backs with the 2nd highest tax rate in the world (japan is #1) give us a break to reinvest in our companies and our employees and we can grow!!! Companies in China and Vietnam do not have to pay such ridiculous tax rates.

Keep the EPA,EPD and other things, they are needed to keep people who have no ethics out of business, but give business a break elsewhere.

Talk to someone who owns a manufacturing plant, they will enlighten you as to what they have to deal with.

 

[Lugnutz 10+ year member]

All i am trying to say is make the goverment get off our backs with the 2nd highest tax rate in the world (japan is #1) give us a break to reinvest in our companies and our employees and we can grow!!! Companies in China and Vietnam do not have to pay such ridiculous tax rates.Keep the EPA,EPD and other things, they are needed to keep people who have no ethics out of business, but give business a break elsewhere.

Talk to someone who owns a manufacturing plant, they will enlighten you as to what they have to deal with.

The US tax rates are high, but with the actual amount of taxes the companies pay, the US ranks as one of the lowest in actual taxes paid.