should i buy some GM stock

[silver07 10+ year member]

I work for a car company and they gave us a letter saying there is chance a domestic company (GM or Ford) might merge with a foreign competitor (Honda, Toyota, etc.) whether it could happen idk though.

 

[Lugnutz 10+ year member]

They need to market their new vehicles. Yes people know who General Motors is, but they do not know all the vehicles in their lineup or their incentives. It's foolish to cut cost by cutting advertising. What they need to do is sit down and develop a new marketing plan. It isn't about name recognition, it's about shaking off the stigma that is still apparent, as evident through this thread. The Asian companies are surging in market share and the American companies have to regain that.

The media isn't exaggerating anything. Just look at their financial statements. Their current ratio is sinking meaning they won't be able to pay off creditors, they are loosing money and their credit rating is decreasing.

 

[04silverz 10+ year member]

i understand you need to have commercials and such. but you dont necesarily need to have a "GM half time show". that doesnt tell me anything about their lineup. do they ahve a camaro coming out still? do they even make the corvette still? is the monte carlo still in producitn? i dont know by seeing GM plastered all over a football halftime show.

and im not saying the media is exagerating anything. but they are sure overplaying it. similar to the wars. anytime a soldier dies they act like a whole comany got slaughtered or that custer was re incarnated and was being stupid again. or that a bomb missed its mark and the us planes are dropping napalm on schools.

they overfeed the masses with the 24 hr news on so many channels.

 

[Lugnutz 10+ year member]

Your friend sucks at haggling because the most expensive Fusion is sticker priced at 27k. The SE is 25k sticker price.

 

[kh971 10+ year member]

Let them fail, it they can make it out on their own they will be better off. If they fail...someone else who is smarter will fill the void.

No one will bail my business out if I make bad decisions, or if the economy gets slow. I will make it through, because I know how to make it through.

Yes , we are a manufacturing company. Yes, we are very slow now, but with the help of our employees we will make it through.

Toughen up GM and Ford!!

 

[Lugnutz 10+ year member]

i understand you need to have commercials and such. but you dont necesarily need to have a "GM half time show". that doesnt tell me anything about their lineup. do they ahve a camaro coming out still? do they even make the corvette still? is the monte carlo still in producitn? i dont know by seeing GM plastered all over a football halftime show.
and im not saying the media is exagerating anything. but they are sure overplaying it. similar to the wars. anytime a soldier dies they act like a whole comany got slaughtered or that custer was re incarnated and was being stupid again. or that a bomb missed its mark and the us planes are dropping napalm on schools.

they overfeed the masses with the 24 hr news on so many channels.

What are they overplaying? The company is on the verge of bankruptcy. I'm sorry but when your sales are down 40% I don't see how cutting advertising helps. They need to roll out with a new campaign.

 

[Lugnutz 10+ year member]

Let them fail, it they can make it out on their own they will be better off. If they fail...someone else who is smarter will fill the void. No one will bail my business out if I make bad decisions, or if the economy gets slow. I will make it through, because I know how to make it through.

Yes , we are a manufacturing company. Yes, we are very slow now, but with the help of our employees we will make it through.

Toughen up GM and Ford!!

LOL how can you toughen up when you have no money? Do you want GM to print their own money?

 

[alvitae 10+ year member]

"Let them fail, it they can make it out on their own they will be better off. If they fail...someone else who is smarter will fill the void."

I pretty much agree with you, 10-20 years ago the void would have been filled by a younger smarter leaner american company, Now thanks to Bush's policy's it nearly guaranteed it will go ever seas and just leave us weaker.

 

[04silverz 10+ year member]

What are they overplaying? The company is on the verge of bankruptcy. I'm sorry but when your sales are down 40% I don't see how cutting advertising helps. They need to roll out with a new campaign.

dude i keep saying the economy. the economy believe it or not, consists of more than jsut gm, ford and daimler chrysler. i know its hard and you might not belive me, but it does. and if you ahd read my original post a few pages back for that question, i distincly put in there "or is it such a small drop in the bucket it doesnt matter." and again, i know they need commercials, im strictly refering to advertising at sporitn events, arena names etc.

and if you think the media doesnt talk about mostly the economy, turn on the news and watch it for an hour. then keep track of how much time is spent talking about stocks adn the economy. then tell me how many news channels have a lvie update on the exact amount of the dow jones, as if thats the only stock meter in the world.

 

[Lugnutz 10+ year member]

why would you want GM to fail? Do you realize all the jobs lost? American Axle would be done for. All the GM dealerships would be done. All the companies who have huge contracts with GM would hurt.

 

[loopkiller 10+ year member]

first you bash the focus for being made sh!tty and being small. i doubt a civic is any bigger. then you say you will buy your next car even if it is made sh!tty. which one is it?
and the g6 is a sharp looking car. i migh get rid of my tahoe and get one of those.

The Civic is bigger inside. Trust me I own one. I said I would not buy a sh!tty made car just for the sake of saying I was buying a US made car.

And for the sake of complete honesty, my Civic was "made" in Ohio. It was designed and engineered in Japan.

Your friend sucks at haggling because the most expensive Fusion is sticker priced at 27k. The SE is 25k sticker price.

He actually leased the car, but that was the sticker price on the window. I saw it with my own 2 eyes.

 

[Flipx99 5,000+ posts]

I could see GM being merged with a foreign compeitor like Nissan.

 

[Flipx99 5,000+ posts]

He actually leased the car, but that was the sticker price on the window. I saw it with my own 2 eyes.

No one pays sticker price.

 

[Lugnutz 10+ year member]

dude i keep saying the economy. the economy believe it or not, consists of more than jsut gm, ford and daimler chrysler. i know its hard and you might not belive me, but it does. and if you ahd read my original post a few pages back for that question, i distincly put in there "or is it such a small drop in the bucket it doesnt matter." and again, i know they need commercials, im strictly refering to advertising at sporitn events, arena names etc. and if you think the media doesnt talk about mostly the economy, turn on the news and watch it for an hour. then keep track of how much time is spent talking about stocks adn the economy. then tell me how many news channels have a lvie update on the exact amount of the dow jones, as if thats the only stock meter in the world.

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.

 

[kh971 10+ year member]

LOL how can you toughen up when you have no money? Do you want GM to print their own money?

Well everybody in the sompany has a choice, everybody can take a substantial pay cut, why does chevy or ford need to advertise as much as they do? Do't run ads all day, run an ad every 30 min form 6pm to 10 pm, and you hit most everybody within the country, that alone might give them a needed 50 million to work with.

Unions, oh man, I know of 3 manufacturing plants that closed in this central Ga area when they unionized. When they became a union they sat down with the owners of the company , made their demands. The comapnies could not continue 6 months because that company could not raise the price of their product or could not compete with other companies on goverment bids. Unions were started as a great thing, but have turned out to be something totally different. Much like our goverment since 1776. Capitalism and free trade, supply and demand.

Yes I own a business, a manufacturing plant!!