GM

[That Nice Guy Beck!]

you mean "riddance"

nah i meant riddens

[bluemoco]

They are planning to sell Saturn, Hummer, and Saab, but scrap Pontiac.  It seems like the Pontiac name would have more value than Hummer at the moment, and maybe even Saturn. 

I could see a TPG like company buy Pontiac, devote it to street legal rwd/awd performance cars, and be feasible.  I can't imagine a capital group seriously looking at buying the Hummer brand.  GM would have to pay someone to take it in the current state of the economy.

mitt

Dont' forget that Saturn had a significant chunk of GM's hybrid sales.  Automotive News said that in 2008, GM sold 11,454 hybrids, of which 3,205 were Saturns.   The balance of GM's hybrid sales were Yukons, Tahoes, and Escalades.  "A source with knowledge of GM hybrid plans said hybrid powertrains won't migrate immediately to any of GM's four surviving brands: Cadillac, Chevrolet, Buick and GMC."

It will be interesting to see if/how GM can continue to market hybrids that are not V8-powered SUVs.

[nateqwik]

meh... who cares? every model they've released in the past 15 yrs. is a re-badged grand am

[Super T.I.B]

So, I don't know where this fits into the whole scheme of things.

Turning the G8's into cop cars?

Linky Link

[Randimus Maximus]

So, I don't know where this fits into the whole scheme of things.

Turning the G8's into cop cars?

Linky Link

I'm not sure how, but apparently Holden makes a ton of money selling the G8 to Pontiac. 

This could be one way to keep that cash flow going??

[Scottish]

Buh-bye! And if it was up to me I'd let the rest of the damn company sink too before investing a single tax dollar in a horrible business model. It was losing money without the bailout and will continue after it. The company needs fixing in order to do that correctly and make it profitable again it probably is going to require bankruptacy to get out of horrible contracts. As I mentioned taxes this is probably boarderline political now so I'll leave to find the ban yourself thread.

[NAKID]

An article I read said they have cut enough spending to lower the "break even" point to 10 MILLION cars! Holy crap! There's NO WAY they're going to make money anytime soon...

[Randimus Maximus]

An article I read said they have cut enough spending to lower the "break even" point to 10 MILLION cars! Holy crap! There's NO WAY they're going to make money anytime soon...

That article read to say their break even point was with an industry or national sales at 10M.  I'd have to do some research, but I doubt that they have ever sold 10M worldwide in one year..

[NAKID]

Well, that would make more sense so hopefully I read it wrong, cause that's a whole lotta shit...

[mitt]

That article read to say their break even point was with an industry or national sales at 10M.  I'd have to do some research, but I doubt that they have ever sold 10M worldwide in one year..

Correct.  If I remember, GM accounts for about 32% of that 10M, or 3.2Million units.

mitt

[Sinister]

That article read to say their break even point was with an industry or national sales at 10M.  I'd have to do some research, but I doubt that they have ever sold 10M worldwide in one year..

In the spirit of the barter system, maybe they can give out cars instead of funding the retirees' medical fund with cash.

[bluemoco]

That article read to say their break even point was with an industry or national sales at 10M.  I'd have to do some research, but I doubt that they have ever sold 10M worldwide in one year..

That 10M number is pretty conservative, too.  Back in '05 and '06, US Car+Light Truck sales were at 17M and 16.5M, respectively.

Nobody is expecting us to hit 17M again in the next decacde, but 10M seems like a good, conservative base on which to make a US business plan. 

[jagstang]

Hmm, I've been car shopping lately... might have to see if I can find a screamin' deal on a G8 GT.  Looks like fun