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Should be some good new "Re-po Man" reality show episodes in the making.
The greens need to start protesting the Volt for all the emissions it pollutes the atmosphere with....when it burns up
The Volt will do wonders for the coal industry, I love that little car. Come on tree huggers, get on board.
Yeah, my coal etf could use a little nudge!
Betting on coal is like betting on the Brittish Empire in the 19th Century.
I'm sorry, "tycoon" matchmaker?
What will we do? Use coal liquids? That worked wonders for Hitler and his Nazi party after they had their oil supply cut off from the US.
TD, where is the update about GM buying back all the volts due to unknown fire issues?
Seriously folks. Seriously. What a fall eh? From the company that gave us the Sting Ray, we now get the Volt.
The crash of the US Auto industry so mirrors the crash of the USSA. And Detroit is fractally the withered center of it all.
Quite the study in social anthropology.
I respectfully disagree with your assertion that most of GM's sales come from subprime loans. If you offer some proof of that, I'll gladly admit my error.
Furthermore, your claim that NINJA loans are back at GM is not accurate, either. GM's subprime arm is AmeriCredit, and they require proof of income on absolutely - no exception - all loans.
Additionally, GM dealerships are able to choose from a wide variety of subprime lenders, all of whom have their own individual underwriting standards. These lenders serve the ENTIRE car business, not just GM. Dealers simply choose which lender pays out the most "reserve" (interest) kickback and largest advance (front end gross profit).
I'm not trying to be a jackass. Just trying to help expose the truth, for better or worse.
Max Fischer, Civis Mundi
Hmm. Where have we heard this before?
I respectfully disagree with a point in your article. With regard to car sales, you're connecting dots that simply cannot be connected.
You claim the surge in car sales is due to GM's subprime loans, but you provide no proof of that. You simply provide a link to a MarketWatch article from the summer of 2010 when GM purchased AmeriCredit. Do you thinkall car sales are anchored to AmeriCredit? In other words, is the balance sheet of AmeriCredit a mirror of the entire car business? Furthermore, do you think all GM's subprime loans go to AmeriCredit? Where's your forensics of AmeriCredit's portfolio and of GM's sales?
You're cynically trying to say that the surge in car sales is directly rooted in GM's subprime loans, and this just isn't correct. I think you're trying to make it look like GM's only business is subprime, and that the only reason car sales have surged is due to GM ratcheting up their subprime portfolio.
And this is just false.
We want truth, not propaganda. If you insist on spinning everything negative, then you're no different than CNBC who spins everything positive."
I'm starting to think he's is another personality of MDB. He's right about how GM and all the others put a deal out on the wire and see who'll take it but, they all have their in-house specials for the ones that can't get bought or that won't fly. Subprime is totally back on both levels.
Max, Max, Max ......
During the Dallas game on thanksgiving GM ran several ads for the Silverado. They included the financing: 0% for 6 years. How many subprime lenders, other than Uncle Sugar, lend money for 0%? They can barely get the jim-bobs back into the dealership let alone sell them 4% interest on a truck loan. Talk to anyone with a new GM and you get the same answer: ZERO INTEREST LOAN!!!!!!
Talk to real people on the street and you'll find your proof. They fogged the mirror and won the prize at the GM dealership. Lucky them.
Si Si Puede! GM = the muslim's car company. He and Jon Corzine are the leaders of the Democrat Party.
I wasn't ever going to buy GM after their backstabbing of Saturn, but they are practically giving trucks away compared to Ford, and I have a near 20 year relationship with the people at the dealership, and bought a Silverado in July. It was loaded, and in the range of 15-20K less than a comparable F-150 (which Ford has actually been making worse over time IMO, we have late 90's to a 2011 at work, we call the 2011 "the Enemy" and "Blind Spot").
The financing was 3.75% on a 66 month loan and I put 2K on it to get the payment under $400, no docs, but then again I've bought 5 new vehicles at the place over time.
I agree, they do have some offers that are hard to refuse these days, I think GM is leading a survival mode strategy and I think that's wise of them, I read few news about it on partsgeek.com. I would buy a GM if I had the money today, after all I would be supporting the local economy.
The British Empire was a pretty sure bet throughout the 1800's so you either think coal is a good bet (which it is 'cause you can do a lot of stuff with it and it's got awesome chemical energy density), and have a brain, or think that 19th century = 1900's (when the British Empire began it's slide to oblivion) and don't like coal for irrational or ignorant reasons and are a dumbass...
Which be it?
I hope the tree huggers keep buying them. We will see Darwins work again!!!
Dar-Winning! Have you hugged your Volt today?
And did you live to tell about it?
Yeah, I've got some of those energy stocks too. Can't wait to get a Volt for a few ounces of silver.
What a farce electric cars are. http://www.youtube.com/watch?v=MRT9dxq9Dwk
We need the big fucking V-12's. 675 horsepower to get to Walmart. Buy a scented candle and fucking come home. 8 miles round trip. 12 gallons of shiz burned! Bitchez! Yea!
I think electric cars are a great addition to the choice of vehicles.
But only if electricity is too cheap to meter otherwise they're just stupid. Also the purchase prices are not for financially sane people.
All these dumb-fucks riding around in their elec-cars thinking how cool they are.....so....where does all that electricity for the cars come from?? Why of course...COAL, OIL, GAS, NUKE and some HYDRO and minor bits of wind and solar. So what REALLY powers the electric Car??
Atlantean zero point modules.
THE SPICE MUST FLOW!!!
or you could just get a honda accord that gets 23/34mpg or maybe a civic that gets 30/40mpg and costs 50 to 75% as much as a volt and doesn't catch fire or break down like a government motors car
The Chevy Volt is a scam and the Hummer is more earth friendly than the Prius - report here. Just basic science ..... amazing how people can't grasp the basic laws of physics, etc. Well off to Walmart I go to buy some plastic from China, chow!
LOL that report had the average hummer H1 lasting 35 years and going 350,000 miles! That's hilarious.
or protest the pollution from shitting GM shares all over the place. $20.96 today, not even plumbing its latest low of $19.05...what did it IPO at again?
I'm a "value investor" - do you think it time to go all in?
I mean, after all it's not like it can go broke, well , permanantly.
Personally I'm waiting for Warren to give me some direction.
He already did...he bought in big to that Chinese elec-car Co. Go for it Dude!!
uh, believe it was 32 fiatscos and a pence or two. I seem to recall GM disclosing its internal controls were missing before issue, no..?? It got slurped up anyway.
Scull and Bones, bitchez!
it also catches on fire too sometime, which the new owner would surely appreciate after being screwed for the money they charge for that piece of shit.....
Is the Volt selling? I think it's ghey.
Jay Leno's daily driver is a Volt. He put on 11,000 miles so far and has used 1/2 tank of gasoline in one year.
In fact, they are so awesome, that GM wants to buy them back: http://www.theglobeandmail.com/globe-investor/gm-offers-to-buy-back-chevy-volts/article2256947/
You like riding a bomb when you drive, you're just that kind of guy. See, hey put this holllow box under yours and fill it with an explosive used by terrorists everywhere. They get to scrimp on quality and safety because no one sees it. They put electrical contacts near it, and exhaust systems hot enough to ignite it, and then to make it better, they put it where it will collapse in an accident and open up.
You ever seen one burn with people inside?
It's not really called the Volt, it's really the GM Pinto!
Calling Ralph Nader...
Not if they can't sell the cars.
HEY! If the economy totally recovers and even grows 50%, THEY will be prepared and will be able to sell every American + aliens 2 cars each! Now YOU tell ME which brand will be able to do the same smartpants!
Well, if you factor in the spontaneous combustion feature it is really more like 1 each, but you make a good point (just need to get that 50% growth thingy going). LOL
yep manthong. except the re-po man viewers might figure they're just reruns and switch channels. "ahh it's the GM car one again. seen it!"
No one is taking back Chevy's, maybe a Ford or Honda, but not a Chevy.
I love my new Escalade, I sure hope congress extends my unemployment benefits so I can keep making my payments, I'd sure hate to lose it with only 7 more years until it's payed off. I'm thinking about getting a new big screen TV next, so I'll be more comfy in my mom's basement.
Why not? GM is no dummy- if they fuck up again, they know the guberment will bail them out again.....
Absolutely no incentive to put out a good, safe product. N'Obama's pay-back to the UAW was, in his mind, a rousing success.
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