GM in BIG, BIG trouble !!!!!

[Mega]

http://www.autocar.co.uk/car-news/in...eugeot-citroen

Things are collasping fast for Opel/Vauxhall (GM), their products are well over priced even though they get the dealers to reg them & put 1500 miles on the clock to sell them as "almost new". Insane list prices, poor build Q factor in that over 80% (YES,80%+) of their cars are "Fleet cars" (given away).

For not much more money you can have a Merc/Audi/BMW.........it makes ZERO sense to "buy" a GM.

Now Renualt (nissan) is bring in a very cheap new car (Dacia) from eastern Europe & for little money you will be able to buy a almost Focus size car for less than half the price of a Ford/GM. The Dacia gets diesel engines or a 900 cc 3 cyinder turbo gas engine........BIG miles per gallon.

If (When) the £ collaspes & petrol (Gas) rockets to + £2 a litre...........it will pay all those with 10 year old 25 mpg cars to swap to new 60 mile per gallon new ones.........

Mike

[FrankL]

Re: GM in BIG, BIG trouble !!!!!

http://www.autocar.co.uk/car-news/in...eugeot-citroen

Things are collasping fast for Opel/Vauxhall (GM), their products are well over priced even though they get the dealers to reg them & put 1500 miles on the clock to sell them as "almost new". Insane list prices, poor build Q factor in that over 80% (YES,80%+) of their cars are "Fleet cars" (given away).

For not much more money you can have a Merc/Audi/BMW.........it makes ZERO sense to "buy" a GM.

Now Renualt (nissan) is bring in a very cheap new car (Dacia) from eastern Europe & for little money you will be able to buy a almost Focus size car for less than half the price of a Ford/GM. The Dacia gets diesel engines or a 900 cc 3 cyinder turbo gas engine........BIG miles per gallon.

If (When) the £ collaspes & petrol (Gas) rockets to + £2 a litre...........it will pay all those with 10 year old 25 mpg cars to swap to new 60 mile per gallon new ones.........

Mike

Opel (GM) is rumoured to enter a partnership with PSA (Peugeot/Citroen). Supposedly, Peugeot will spin off the car assembly plants into a new entity to fuse with GM's Opel plants. They're holding on to the part manufacturing plants and their finance business.

My interpretation: spinning off the hugely unprofitable car assembly lines into a separate entity is allowing GM and PSA to save their profitable operations while allowing the unprofitable ones to go bankrupt with as little cost to them as possible.

Europe has way too much production capacity for cars, and all players know that plants need to be closed and their workers fired to survive. Governments that have the most money to subsidise their manufacturers to survive the slaughter will come out on top. It seems like France and Italy will be losing this round. The European financial crisis will have some unexpected advantages for Germany to rid themselves of some economic competitors.