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Is GM about to go broke?
"Saab C900 Viggenist" > wrote in message ... > writes: > > Ford is doing with Volvo, Jaguar, etc. That'd be a mighty impressive trick with regard to Jaguar, considering they don't own it.......... -- Kwyj. |
#3
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Is GM about to go broke?
"Saab C900 Viggenist" > wrote in message ... > writes: > >>First time in 50 years shares fell under $10... > > GM is like Ford - trying to prop up an ailing domestic US operation by > sucking the lifeblood out of non-US brands. GM's doing it with Saab, etc. PS: Would you care to explain how GM is using Saab to prop up *anything*, considering that Saab hasn't turned a profit in years and they don't even plan on being profitable for at least another 2 years? Sounds to me like Saab is one of the many leeches you refer to as 'sucking the lifeblood'. -- Kwyj. |
#4
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Is GM about to go broke?
"Kwyjibo" > wrote in message . au... > > PS: Would you care to explain how GM is using Saab to prop up *anything*, > considering that Saab hasn't turned a profit in years and they don't even > plan on being profitable for at least another 2 years? > Sounds to me like Saab is one of the many leeches you refer to as 'sucking > the lifeblood'. Yup I wont be surprised if GM dumps Saab soon. -- Regards Dan, |
#5
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Is GM about to go broke?
"Dan----" > wrote in message ... > Yup I wont be surprised if GM dumps Saab soon. Why the **** they'd want to own the useless **** of a thing in the first place is beyond me -- Regards, Noddy. |
#6
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Is GM about to go broke?
"Noddy" > wrote in message
... > > "Dan----" > wrote in message > ... > >> Yup I wont be surprised if GM dumps Saab soon. > > Why the **** they'd want to own the useless **** of a thing in the first > place is beyond me I think they were tricked into it. GM Management couldn't think because their brains have melted in a suana in Sweeden. Bit like trying to get a horse to ride a unicycle really. :-) |
#7
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Is GM about to go broke?
"Saab C900 Viggenist" > wrote in message ... > writes: > >>First time in 50 years shares fell under $10... > > GM is like Ford - trying to prop up an ailing domestic US operation by > sucking the lifeblood out of non-US brands. GM's doing it with Saab, etc. > Ford is doing with Volvo, Jaguar, etc. I think the situation with Ford wrt Jaguar is exactly the opposite. Ford poured billions into Jaguar and Land Rover and got nothing but more loses in return. Ford was stupid to by Jaguar and really really stupid to by Land Rover. Maybe the Indians can make money with those two. It will be interesting to see. No one has made money with those turkeys since the 60's (even BMW dumped Land Rover). Ford has not starved its European operations to finance North America. In fact, Ford of Europe appears to be doing quite well these days. Even Volvo has been well financed. Still, buying Volvo was not a good move. It added nothing to the Ford corporate portfolio except an over lapping range of cars. It seems that Ford is planning for Volvo to move upscale to compete with BMW and Mercedes. Whether Ford will retain ownership during the transition phase is an open question. If I was Ford I'd sell Volvo in a second, for the right price. As for SAAB - it was a loser from the day GM bought it. And GM has only made things worse by trying to badge engineer other GM products into Saabs. >>Looks like TheEnd, who will be buying it? I am not sure who would want Volvo. My guess is that one of the European competitors might try to buy it to keep the Indians or Chinese from buying it as an entry into the European market. If Jaguar / Land Rover had been worth a d&%n, I feel certain one of the remaining European based companies would have tried to buy it to keep the Indians out. But given the long term prospects for Jaguar, I would have run away from it like the plague. Ford did wonders in improving the quality and reliability of Jaguar vehicles and increased the range of offerings (only mistake was the X series) but there is just too much competition in that market segment, and outside of the US and the UK, Jaguar is looked at as a brand to stay away from. The association with Ford did not improve the image of the company. People who want to buy premium luxury cars don't want to hear that they are buying a high priced Ford. Still, I'd love to have one of the new XKs. > >>http://detnews.com/apps/pbcs.dll/art...TO01/807030390 > >>Shame really, nothing really wrong with the product, the management >>are to blame > > Indeed - under all the b/s, the product is not really all that bad. GM's > problem is that it's tried to pool all it's brands together in one > contiguous heap and that approach is failing significantly. > > Craig. I think the problem is that GM was unwilling to maintain the idea of different brands serving different market segments. Sloan envisioned a company where the Chevrolet an Pontiac buyers would move up to an Oldsmobile or Buick and finally to a Cadillac as they became more affluent. These days, the Chevrolet buyer just moves up to a more expensive Chevrolet. Buick and Pontiac offer cars that compete with the lower mid-end of the Chevrolet range. All brands try to compete with each other over most of the price range. Too many barely different models competing with each other. Instead of forcing dealer to work hard to market vehicle sin their price segment, GM gave in and tried to give every dealer cars for almost every segment. Only Cadillac seems to be focused on selling to a particular market segment. Ed |
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