Consumerism Commentary - Latest Comments in Monday’s Articles – New GM Deal

Re: Monday’s Articles – New GM Deal

Flexo — Fri, 05 Aug 2005 04:40:31 -0000

Good point, GM sells cars and provides financing -- a match made in heaven.

Re: Monday’s Articles – New GM Deal

Jonathan — Fri, 05 Aug 2005 04:30:41 -0000

Actually, they are probably counting on making money via the loans on those cars, they are almost selling those things to a loss to the dealers.

Of course, this makes the residual car value of my GM go to crap. Now I'll have to drive it 'till it dies...

Re: Monday’s Articles – New GM Deal

Flexo — Mon, 01 Aug 2005 20:29:44 -0000

They are counting on the fact that they will be able to make up for the price cuts through volume, which could be a risky bet, especially if the public still prefers "foreign" over "American" (not that those labels are accurate anymore).

Re: Monday’s Articles – New GM Deal

Jose — Mon, 01 Aug 2005 19:46:20 -0000

At least they are responding to the competitive situation in a way that may avert bankrupcy.

However, it is sad that american cars have become the 'cheap, unwanted' car, and foreign cares have became the trusted, desired car.