((((Now that aluminum is becoming the preferred unibody construction material, General Motors is using a novel mixed approach to building the new Cadillac CT6 large sedan.))))
Sure looks like it.
Wow, no bueno for the Russkies. A lowered credit rating increases borrowing costs.
(((((S&P Downgrades Russia Credit Rating To Junk
Tuesday January 13, 2015 3:06 AM
LONDON (AP) — Standard & Poor's rating agency has downgraded Russia's credit grade by one notch to junk status, citing a weakened economic outlook.
The agency dropped the rating to BB+ from BBB- as it sees the country's financial buffers at risk amid a slide in the country's currency and weakening revenue from oil exports.))))
Notice all the bandwagon articles coming out of the woodwork to proclaim gold is toppy and headed for a pullback.....blah blah blah
These were written by EE-dee-yotes.
((((Today CNBC is hyping a story that Apple sold more Eye Phones in China than here.))))
That's it, jeyedolt. EyePhones.
And then you guys wonder why I come to this board.
PS: You CAN'T MAKE THIS STUFF UP!!
What I'd like to know is, how survivable is a frontal oblique impact crash going to be in the Chevy Bolt?
I am glad GM is finally doing a pure electric, though this one is so super tiny I would discourage anyone I loved from even riding in one, let alone buying one. At least the VOLT is safer.
(((Four years ago, then-GM CEO Dan Akerson predicted the company would sell 60,000 Volts per year. Instead, GM has sold about 73,000 total since the car went on the market. Its best sales year was 2012 at just over 23,400. Sales last year dropped 19 percent to just under 19,000.)))
I challenge you to tell me then what the other 90% of a car's cost is.
I doubt if wngr would agree that labor costs are only 10% of the cost of a car.
You may be referring to UAW final assembly touch labor, but those major assemblies GM buys have to be made somewhere along the line and there is a LOT of labor involved in making, buying, and shipping those pieces.
So your 10% number as far as I'm concerned, is a crock of #$%$, put out by the union to fool the voting public into thinking the way they'd like them to think.
Part of the cost of doing business with the UAW is having to vend out all major assemblies because having the UAW do anything will make your costs soar.
As I recall, GM even avoided buying parts from Delphi sometimes because they were way too expensive.
You don't seem to listen. Wngr told you a long time ago that the Mexican plants built great stuff and the workers cared a lot about quality.
It's no wonder GM mgt and Japan choose Mexican labor to build their cars instead of you UAW slugs.
You'd like to blame that on NAFTA, I know. But NAFTA did not make UAW laborers lazy, nor did NAFTA teach them to put out poor quality cars.
Good summary wngr.
You are probably right about the loaners being unlikely to bail Greece out again if the people replace their disciplined government for another bread and circus government ('Irresponsibility R Us') like the US currently has.
Our American economy is now a house of cards similar to what GM was in 2007-2009. Sadly, many other countries are in much worse shape than we are. It only remains to be seen what event will turn on the fan and blow the cards all over the table.
We constantly hear scary warnings on TV about the North Korean lunatic, terrorist attacks, ebola outbreaks, Putin's aggressions, and the Greek debt scares) but I'm guessing it will be something completely unexpected that triggers the crash. Triggers we know of and understand can be priced in and calculated for.
But just wait until we have some sort of weird global calamity...even something in some remote land could trigger a panic that topples major world economies. A volcanic eruption, an asteroid strike, a palace coup, a hydroelectric dam failure, a flood....who knows. Remember, if there is a major financial failure someplace, it is not always immediately clear who the creditors are that are going to lose big.
It's always hard to prepare for something completely unexpected. I don't worry about it. I own gold shares and oil shares...my thought is that even after the Bandini hits the Mixmaster, these shares will still be worth something.
Got to give you props on both the Glacier Blue paint and the Michelin Pilot Super Sports.
That shade of blue and/or pearl white are probably my two favorite colors for a car. But since I buy used I don't normally get the exact colors I like.
And the Pilot Super Sports are pretty nice. I just put a pair on the front of one of my cars not too long ago. Super smoothness.
I think a 100% tax on Kansas liquor sales would be a good start, but they really should be higher than that to offset the social impacts of drinking, alcoholism, drunk driving, and brain damage to offspring such as we see in jeyehaWky.
((( It has had a pretty good run since our board authorities read their last rites for the sector several months ago.)))
LOL. Yeah they had lots to say right before the price ran up $120 in a month.
(((((So they still have their $2200 Gold Dream. Thats all it is is a Dream.)))))
May I quote you there, jeyedolt?
So you are now saying that gold will never achieve $2200 an ounce?
Or are you backing down from that claim?
((((Seriously, if you are going to take a stand against 'bad dudes' in the NFL then you better arrange to have Police presence at all NFL team headquarters, and also MLB club houses NBA training facilities))))
You extrapolate my intentions quite dramatically. My intent is to needle jeyehaWky, not reform a useless and worthless football league.
((((Aside from the Cadillac ELR, you suggest new product launches provide disappointments? I'm just sayin' - care to explain?))))
No, I don't mind teaching the remedial class this time, Chebby.
Here are a few that have been lame and/or sales disappointments to GM, me, the United States, and the world in general:
7th generation Malibu
Opel Ampera (discontinued)
Chevy HHR (discontinued)
Buick Lucerne (discontinued)
Why do they come in here every day to defend this company that has sold defective products and then sought to conceal them?
Why do they come in here to pump a stock that pays a dividend while posting losses in 2 of the last 3 quarters?
Why do they expect a share price runup when the Canadians and the UAW MED TRUST still have over hundred million combined unwanted shares to get rid of?
What makes them somehow believe costs are going to stay low when the UAW is coming up on its 7-year contract talks?
Why would they imagine they are going to be rewarded as shareholders when time and time again the company has proven that management and workers eat their share of the pie first? Then they eat the shareholders' pie. At the end the shareholders get to lick the pan. Maybe. If the dog is not around.
How in the heck do they believe GM makes great products when so many of their last major product launches have been disappointments?
I'm just sayin'.
(((Pope played most of his career in Arizona)))
You know as well as I do he could have walked in the door at 3pm this afternoon and if he had done something good you would have been bragging him up and acting prouder than a dog with two dongs.
Instead, you instantly disown the guy with the excuse that he mostly played somewhere else.
You are unbelievable.....but extremely entertaining!
They should have been PUNCHED in the face, not slapped.
They should have known better than to trust GM.
Gold over $1300 again instead of $780. Isn't that what you gold bashers were calling for?