And your point? There are a lot of american vehicles that aren't made in the USA. And we have a lot of JAPAN vehicles made here in the USA.

I use to be a GM guy, LS1 . Would I own another GM vehicle? Really depends lately with the way GM is going Chapter 11 is likely.

 

Or maybe with a post like that, the "20's" would be your IQ. I'm curious, do really own a g35????? From your post's, you don't seem smart enough to have a job that would allow you to buy one. Just an observation......

 

Oh please enlighten us to your LS1 experiance. Chapter 11, HAHAHAHHA. If you knew anything about real world bus., you would'nt post that. But since you did post it, I guess we know the answer.

 

Wow, can you really be this dumb?

General Motors in crisis as its car sales plummet

By : Tracey Boles Chief Reporter October 30, 2005

GENERAL Motors will this week reveal that sales collapsed in October, taking its US market share to a 25-year low and fuelling fresh fears that the world’s largest carmaker is heading towards bankruptcy. Its US sales dropped 26% compared with the same month last year, according to early estimates, putting its monthly US market share at 20.5% – the lowest since at least 1980.

The figures were compiled by Deutsche Bank analyst Rod Lache. Goldman Sachs also believes October will be the worst month for US car and truck sales in years. GM – whose brands include Cadillac, Pontiac and Hummer – is confronting its biggest financial crisis for 13 years. A bankruptcy filing by the Detroit carmaker would spell the end of an era for US industry and change global car manufacturing for ever.

Last week, it emerged that Toyota is poised to unseat GM as the world’s biggest carmaker measured by units produced. The Japanese giant, which already dwarfs the US carmaker in profitability and value, intends to ramp up production next year.

The GM sales slump – blamed on high fuel prices, unease about the US economy and the end of special summer offers for its staff -– is the latest in a stream of bad news to hit GM, all sparking market fears that the carmaker could go bankrupt. General Motors has denied it is drawing up any plans to declare Chapter 11 bankruptcy. Last week, America’s Securities and Exchange Commission (SEC) intensified an inquiry into how GM accounts for its pensions and employee benefits.

So far this year, GM has posted record losses of $3.8bn (£2.1bn, E3.2bn) and its crucial credit ratings have been reduced to junk by the main rating agencies. The company is burdened by $90bn in pension obligations and a $77bn healthcare plan. Two weeks ago, it was forced to renegotiate the terms of its healthcare plan with the United Autoworkers Union. It managed to agree a deal that will cut $3bn a year from costs.

On Friday, General Motors recalled 106,000 sports utility vehicles (SUVs) to fix a door latch. Sales of the SUVs have been falling faster than those of other vehicles as fuel prices remain high.

The spectre of bankruptcy at GM loomed again last week as the markets digested the news that the SEC had issued subpoenas related to GM’s financial reporting for pension and other post-employment benefits, and to transactions and obligations between the company and auto-parts supplier Delphi, which itself entered Chapter 11 earlier this month.

Until now, the SEC inquiry, which is also looking at other companies including rival carmaker Ford, has been informal. GM is Delphi’s former parent and its biggest customer. The carmaker may be responsible for $12bn in benefits at Delphi because of guarantees it offered when it spun off its former parts arm in 1999.

Analysts have warned that Delphi’s Chapter 11 filing under the weight of high wage, healthcare and pension costs, may foreshadow a similar drastic move by the world’s largest auto maker, whose labour woes could be compounded by the crisis at its supplier.

Bank of America analyst Ron Tadross said earlier this month: “It is our view that bankruptcy protection for GM is increasingly looking like a reasonable way to properly address the company’s retirement liabilities and job security benefits.” Steve Miller, chairman and chief executive of Delphi, said last week that unless Delphi’s bankruptcy process goes smoothly, it could “fatally wound” GM.

GM’s North American operations have been in crisis for some time, with commentators accusing it of spotting consumer trends too late. It has lagged Toyota in developing fashionable petrol-electric hybrids and launched the retro Chevrolet HHR after sales for retro vehicles peaked at other carmakers.

Last week the Detroit car company revealed plans to launch several crossover models – vehicles that have the interior space of SUVs but are built on the car rather than truck chassis. But the new models in the Buick, GMC and Saturn brands will have to compete with the crossover models that Toyota, Ford and DaimlerChrysler already have on the market.

In another desperate bid to get the ailing carmaker back on track, chief executive Richard Wagoner is seeking a buyer for all or part of the General Motors Acceptance Corporation, its finance arm. But there are fears the SEC investigation will hinder the sale. GM is hurting the most among the US carmakers but Ford and the Chrysler arm of DaimlerChrysler all experienced dismal sales performance last month.

 

Time is GMT + 8 hours
Posted: 26 October 2005 1117 hrs


TOKYO : The Toyota Motor Corp group is set to overtake US rival General Motors next year as the world's number one automaker in terms of output, the Nihon Keizai Shimbun reports.

Toyota's global production is expected to reach 9.2 million units in 2006 including its group automakers Daihatsu and Hino Motors, the business daily said in an unsourced article.

GM's global production next year is unlikely to exceed its 2005 projection of 9.12 million vehicles given factory closures prompted by a sales slump, it noted.

The core Toyota company is to increase its global ouptut 12 percent from its 2005 projection to 8.3 million cars next year, while Daihatsu Motor Co. and Hino Motors are together expected to produce over 900,000 units.

Toyota's overseas output is also set to exceed production in Japan for the first time next year, rising above 4.0 million units on the back of strong sales in the United States and emerging economies.

In North America, which accounts for about 30 percent of Toyota's global sales, the group is set to start producing 200,000 pickup trucks a year at a new factory in Texas, the report said.

In China, its manufacturing capacity is seen rising by 100,000 to around 340,000 units a year with the launch of a plant in Guangzhou, Guangdong province.

A separate report said Tuesday that China could rival the United States as Toyota's largest overseas production base within five years as it aims to double its mainland market share by 2010.

Toyota expects to produce 500,000 cars a year in China for annual sales worth 80 billion yuan (1.2 billion dollars) by 2010 with partner China First Auto Works (FAW), Toyota vice-president Inaba Yoshimi was quoted as saying by the official Chinese news agency Xinhua.

Japanese automakers have been so successful in North America, particularly with their hybrid designs, that some have set prices higher to give a chance to US automakers and so preempt a political backlash.

Last week GM posted a loss of 1.6 billion dollars for the third quarter on revenue of 47.2 billion dollars while Ford reported a third-quarter net loss of 284 million dollars.

Toyota meanwhile is expected to report its first drop in half-year net profit for four years on November 4 as rising investment in production facilities offsets strong sales, according to Japanese media reports.

Toyota saw net profit dip 6.9 percent year-on-year in the June quarter to 266.9 billion yen (2.4 billion dollars) although sales jumped 10.5 percent to a record 4.98 trillion yen (43 billion dollars). - AFP

source : channelnewsasia

 

And to save GM from going under, wow, TOYOTA is going to help them some!!! They don't want a RIOT to happen.

-----


GM and Toyota said to hold talks
By Jonathan Head
BBC News Tokyo correspondent

GM Hummer ambulance
The General needs urgent attention
The chiefs of the world's two largest car makers, Toyota and General Motors (GM), are reported to be meeting in Tokyo to discuss co-operation efforts.

Neither company will confirm the meeting, but GM chairman Rick Wagoner, has been in Japan since Monday.

Toyota is the world's most profitable car maker, while GM is losing billions of dollars.

Toyota might help GM in order to avoid a public backlash against Japanese cars in the crucial US market.

Co-operate rather than compete

Toyota's astonishing success in selling cars around the world, and making money out of them, is beginning to worry its bosses.

Toyota pick-up truck
Toyota is doing well in the US

Toyota makes most of its profits selling cars in the US, and it is concerned that it could provoke anti-Japanese feeling there.

Some Congressmen have complained that the Japanese yen is being kept artificially weak against the dollar.

So Toyota is looking for ways to co-operate with rather than compete against GM.

Both GM and its rival Ford, the two biggest US manufacturers, are in dire financial straits, burdened by welfare and pension commitments, that there are real fears over their survival.

Fresh figures show that while US car sales fell 14% in October, Toyota and Honda gained market share while GM and Ford slipped back.

Helping each other

In May, Toyota and GM discussed developing hydrogen technology together as an alternative fuel.

Toyota is already the leading manufacturer of so-called hybrid cars, using a combination of electric and petrol power.

Toyota also stepped in last month to buy shares in a smaller Japanese manufacturer from GM, a move which could help its American rival's bottom line.

The latest meeting between the heads of the two companies is shrouded in secrecy, though according to the Kyodo News agency, Toyota President Katsuaki Watanabe and Mr Wagoner are discussing co-operation with regards to technological research and plans for jointly operated factories.

It is becoming increasingly clear that whereas on paper, Toyota and General Motors seem locked in a titanic battle to determine who will dominate the global car market, in practice they are actually helping each other out.

The idea that they no longer want to compete in all areas is no longer a secret.

 

2C5S, you were just owned.

Why are we giving this guy our time? He is a TROLL!!! He has said NOTHING positive in any of his posts, and he doesn't even own a G35. Why are you HERE?!

 

Owned.... hardly...... I see you have zero depth. Read your articles again, it's very clear what type of tact they will and should take. Toyota aint one of them.

Still waiting to hear all about your LS1 experiance. Oh yeah, how do you know what I own..... idiot!

 

Sad, you can't even read.

 

ls1gto whats not to know about american cars. "They are NOT RELIABLE" and about 98% of them look like shiet
end of story

 

you're the only one that owns a G
and youre the smartest person on here
and you must be a president of something because... well like i said youre the smartest person here right

 

LOL

 

Thanks for the fun read.

Locked.