"Stick to the subject at hand, I'm not here for a writing class lecture."
(Your grammatical ineptness is the least of your problems with that paragraph. I would try to explain why the content is wrong, but you have proven yourself to be incapable of learning)
I can balance a check book, but the leadership at GM couldn't, even with all their writing skills.
You and your family have Great Memorial weekend
"Doesn't make any sense! Your Union leaders are Brain Dead"
Because hard working families are now close to be the minority. Thanks to bad trade deals, shrinking descent paying full time jobs. The Democrats love people on their welfare programs that vote for them.
"Yes that is right GM and Ford no longer has a advantage anymore with Mexico weak labor laws and cheap labor. GM pulled out of Russia because of their weak Currency. Russia wasn't a export hub like Mexico."
(Jeye, there are so many things wrong with those four sentences (should be five) I don't know where to begin, so I won't. You had best stick to your cut and pastes)
Stick to the subject at hand, I'm not here for a writing class lecture.
In August of 2015, The Bank of Mexico announced it would join the fracas and began supporting the Peso, hoping to break the free fall which started in late 2014 and took another dive in the fall of 2015. BdeM (correct abbreviation for the Bank of Mexico) had allotted $8.6 billion USD to support the Peso by buying Pesos with their reserve of dollars. Eventually, the bank will deplete this resource and either allocate more or the market will sense the end and the Peso will take another dramatic plunge. But for now, it looks like the Peso is beginning to stabilize and even recover.
Just like oil and anything else that is traded it is manipulated now days. This is why in any trade deal a set currency should be included. Less then 3 months after NAFTA was signed the Mexico weakened their currency by 50%. This helps a exporting country that devalues their currency.
According to Mauro Guillen, director of Wharton’s Lauder Institute, “The Mexican peso has evolved in a way that is consistent with a strong-dollar scenario. It makes Mexican exports more competitive in its main market — the U.S. — and it makes Mexico more attractive as an investment destination. Mexico stands to benefit from the dynamics in global currency markets at the present time.” However, he adds a caveat: “Obviously, more currency weakness in China would erase part of these gains [on the part of Mexico,] because Mexico competes head-to-head with China for exports of auto parts, electronics, toys and clothing to the U.S. market.”
"But wait! There's more! GM is not alone! What is it that you know that Ford, Nissan, Toyota, Daimler, Mazda and dozens of suppliers clearly don't know either. If GM is losing "Billions and Billions and Billions", I shudder to think what the total automotive losses could be. "
Yes that is right GM and Ford no longer has a advantage anymore with Mexico weak labor laws and cheap labor. GM pulled out of Russia because of their weak Currency. Russia wasn't a export hub like Mexico.
TSLA 225.12 + 5.54 +(2.52%)
GM 31.29 -0.36 (-1.14%)
F 13.46 -0.06 (-0.44%)
TM 102.23 -0.39 (-0.38%)
They like my Impala.
An analysis of data from LendingTree suggests that millennials want to drive and own cars.
"The share of millennial auto loan requests has climbed from roughly 27 percent in early 2013 to about 34 percent in 2016, suggesting a return of younger buyers to the car market," concludes Lending Tree after diving into loan requests.
On a volume basis, the most popular cars that millennials requested a loan for were the Nissan Altima, Dodge Charger, Honda Accord, Chevrolet Impala, and Chevrolet Tahoe. Millennials opted for used vehicles at a slightly higher clip than older drivers, 46% vs. 44%.
Talking about Japanese Auto suppliers and Auto Manufacturers
Meanwhile, Toyota has been raking in the profits for ages now and was
thought to have up to $90 billion in reserves as recently as a couple of
years ago. The other day, however, John McElroy reported that Toyota may be
down to only $18.5 billion in cash with rapidly spiraling debts.
The company has spent heavily on new factories and new products in the U.S.
in recent years, but saw its sales plummet as much as the domestics in the
second half of 2008. Its total current short-term liabilities are now
roughly equal to its total current assets, and its cash reserves put the
company on par with Ford. In recent months, Toyota has been moving
aggressively to cut costs and budgets have been slashed company wide. The
automaker famous for avoiding layoffs was also reportedly considering
shedding some jobs in the U.S. and UK, but had denied those reports are true
"So what jeye - you're jealousy is showing again.."
No it has nothing to do about jealousy,i't's about I'm a investor.in the stock market
GM was in Russia to build and sell in the Russia market. When the Russia currency tanked GM shutdown in Russia. The currency also tanked in Mexico, but GM didn't shut down in Mexico. The reason GM isn't in Mexico for Mexican sales so the weak peso doesn't hurt just on what they have to ship to the assembly plants in Mexico.
How Does this Affect Mexico’s Manufacturers?
In June, Mexico’s manufacturing sector PMI dropped to its lowest level in 11 months due to the weak exchange rate. When 60 percent of the polymers processed in Mexico are imported, these higher borrowing costs can greatly affect the bottom line. While most manufacturers are trying not to pass the price variances off to their customers, the exchange rate is making it difficult for Mexico manufacturers to maintain a competitive environment.
Global currencies are crashing left and right.
Russia's ruble and Mexico's peso recently hit all-time lows against the dollar. The currencies of Colombia, Argentina and Brazil are all down 28% or more in the past 12 months. Turkey and South Africa have also fallen by double digits over that time.
CEOs at the biggest companies got a 4.5 percent pay raise last year. That's almost double the typical American worker's, and a lot more than investors earned from owning their stocks. (AP)
Toyota (TM) has recalled an additional 1.6 million U.S. vehicles outfitted with Takata airbags linked to 13 deaths worldwide. Toyota has now recalled 4.7 million vehicles with Takata airbags in the United States. (Reuters)
"There were only 3 nice buildings in the entire city. The US Embassy, the Soviet Embassy, and the monument to the Soviet war dead."
My oldest brother was helping to rebuild West Germany from 1951 to 1953 and my second oldest from 1953 to 1955.
" Everyone got paid by the state, whether they did a good job or not. Something like the UAW."
Maybe you should spend a Year on a Auto assembly line you need a education
"No one, including Borg Warner who designed the belt fully understood the finite element analysis at the interface of the belt and the pulleys, and the result was that WAY too many of them slipped....and once they slipped once, it was a goner."
I don't know wngr but seems like another management mistake that cost GM sales
Finally, General Motors Company (NYSE:GM) represented Berkshire’s 14th largest position, which contained 50 million shares worth $1.57 billion. However, General Motors Company (NYSE:GM) has the highest dividend yield among the stocks in this article, which amounts to 4.97%, based on the $0.38 quarterly dividend. General Motors posted better-than-expected financial results for the first quarter, with EPS of $1.26 and revenue of $37.30 billion, compared to estimates of $1.01 and $35.75 billion, respectively. Nevertheless, the stock has lost 10% year-to-date and is trading at just 5.1 times forward earnings, which makes the stock extremely cheap, but investors are worried regarding General Motors Company (NYSE:GM)’s high amount of debt and its dependency on the US market, which will be affected when the Fed raises interest rates. With ownership of 15.30 million shares, billionaire David Einhorn’s Greenlight Capital is another top shareholder of General Motors.
"My Saturn VUE transmission failed at about 39k miles, I think it was. We were on our way home from vacation and were in Coalinga, still about 200 miles out of LA, when the trans went out."
You mean the Honda Tranny went out.
"In general, I'm not a dealer fan, I'm probably just jaded from the bad old days. Many of them were rooted out during the restructuring, but I'm sure there are still some slugs out there. Sounds like you found one."
Maybe its just Texas dealers. My white Impala was worth about $2500 more money in Texas. I wasn't happy at how the dealer handled the problem when the Onstar wasn't working right, we spent way to much time in the waiting room the first time to have them tell me there was nothing wrong. The guy that sign it came out with me later and tried to use Onstar it didn't work. The second time after about a 4 hour wait they said they had to order a part.
Three times before it was fixed never offered a loaner the first two times third time I had to rent that the dealer covered . I don't the service Dept are near as skilled as Michigan. Sales Dept didn't know how to handle employee discount either and took them to long to get the Title transfer.
"He is a scam artist that has the media wrapped around his little finger. "
(So, you're not voting for Trump. Which is it?)
We wasn't talking about Politics. When it comes to Politics I'll take Trump over Hillary or Bernie. You can invest in Tesla, I wouldn't touch it with a ten foot pole. Investors also chased Enron that Analysts and the Media loved
"He knows how well good word of mouth advertising works and he know more than anyone lse how fun and cool pure electric cars are."
He is a scam artist that has the media wrapped around his little finger. He missed the last quarter sales and earnings. How will Tesla sales do between now the first Model 3?