Since jeyedolt is having a field day comparing Tesla's market cap to their cumulative sales I thought I might add a few facts of my own that are actually on topic. After all, this IS the GM board.
Cost of GM bailout: Over $90B (I don't forget the $42B in tax offsets, jeyedolt)
GM current number of full time employees: 217,000
Cost to taxpayers per "saved" GM job: $414,746
Number of Chevy VOLTS and Amperas GM claimed it would sell in 2012: 60,000
Number of Chevy VOLTS and Amperas GM actually sold in 2012: 30,090
In the first four months of 2013, Malibu sales have dropped nearly 12 percent, and the car remains mired in fifth place among midsize sedans in the United States, well behind the segment leaders. Yet this is one of GM's better-selling models.
Last year, nearly 75 percent of the 169,351 Impalas that Chevy sold were to fleet buyers. For the forthcoming redesigned car, [Chevrolet marketing chief Chris] Perry said he expects retail to account for around 70 percent of sales.
:) Enjoy, jeye. I can find LOTS more bearish GM stats.
Let me know if you'd like me to post how many millions of shares the Canadians and UAW med trust own and don't want.
mo-clo-webbie, could you please tell us again. What happens when the fed sells their GM shares? Will the price fall drastically? How about Warren, did he lose a lot on his GM investments? Would you be better off if you bought GM eight months ago? One last thing, where is your "joined at the forehead" twin mellonhead? Don't you just love those big gold bowties? Bowties forever!!
web, likes to talk about sales. Toyota said they would sell 200,000 Tundra a year cut it in Half. Japan subisdies sales in Japan all of 2012 so in 2013 now they have down sales. Just think web you can use your Gold loses with the IRS also and your first investment in Toyota. Now back to sales.
General Motors Co. (GM), the largest foreign automaker in China, reported sales growth accelerated last month, while Toyota Motor Corp. (7203) saw its deliveries extend their slump in the world’s biggest car market.
GM sales climbed 15 percent to 261,870 units in April, after a 13 percent increase the preceding month, according to figures released today by the Detroit-based carmaker. Toyota reported sales fell 6.5 percent to 76,400 units, the ninth drop in 10 months.
GM saw sales of Buick and Chevrolet vehicles rise by more than 20 percent as the company seeks to keep its lead in China among foreign automakers for a ninth-straight year. That’s at the expense of Japanese automakers, who are still coping with the fallout of a territorial dispute that flared in September.
((((GM saw sales of Buick and Chevrolet vehicles rise by more than 20 percent as the company seeks to keep its lead in China among foreign automakers for a ninth-straight year. That’s at the expense of Japanese automakers, who are still coping with the fallout of a territorial dispute that flared in September.))))
Yes, Jeyedolt, we realize the main reason the Chinese are buying fewer Toyotas has nothing to do with the quality of their cars.
Even though Japan has a bad history with the Chinese, many Chinese realize Toyota quality is simply superior, so they buy them anyway. Same reason Americans buy 'em.
As for the cars GM sells in China, those are Chinese cars, with Chinese names, built in China, by Chinese people, for Chinese people. About the only GM cars I saw in Beijing and Shanghai were
1) Chevy Cruze (Shanghai built - almost every one was red)
2) Buick LaCrosse (the ones designed and built in Shanghai)
3) CTS (again, built in Shanghai)
I saw almost no other Cadillacs and very few other GMs.
Although we don't have our money back from our failed GM 'investment', GM plans to spend $11 billion by 2016 on new plants, products and people in China.
This should support Chinese jobs and economic growth though, so it's all good. Lucky we bailed them out.