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General Motors Company Message Board

  • tirekickingshopper tirekickingshopper Nov 15, 2012 11:51 PM Flag

    275000 vehicles totaled on East Coast ?

    An insurance friend just advised me that he was told the East Coast storm has resulted in over 275000 vehicles being totaled for water damage . Dealers dont have enough salespeople to cover the demand . Has anyone heard anything to support this claim and how will it affect auto stocks ?

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    • Most of those vehicles were probably Hondas, Toyotas, or Nissans.

      What will replace them will be Hondas, Toyotas, and Nissans.

      Next year, the US will slip into recession, and with it, GM's NA market will drop sharply.

      Combined with massive losses Opel is putting up, GM will need another bailout sooner rather than later.

      This stock and it's UAW #$%$ are soon-to-be two time losers.

      Wish it wasn't so, but that's what I see.

      Buy American, when and where possible.....

    • Too bad GM doesn't make salesmen.

      If you count Chevy Silverados and GMC Sierras ALONE, GM has 194,000 of them sitting on lots.

      Need more? They also have 60,000 unsold 2012 Buicks and Cadillacs.

      GM to the rescue.


      Sentiment: Strong Sell

      • 1 Reply to webuchadnezzar_reva
      • Toyota Motor Corp. (TM) agreed to pay $25.5 million to settle an investor
        lawsuit over the company's alleged failure to disclose information on
        unintended acceleration problems that caused the stock to plunge in 2010,
        according to court documents.

        Lawyers for the shareholders led by the Maryland State Retirement and
        Pension System outlined the proposed settlement in a filing in federal court
        in Los Angeles on Nov. 13. The settlement requires the approval of U.S.
        District Judge Dale Fischer.

    • gmc_god_made_chevrolet gmc_god_made_chevrolet Nov 16, 2012 12:04 AM Flag

      are'nt you cashless and the idiot box?

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